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North Texas

North Texas Housing Bubble Gasping For Air

The North Texas housing bubble was gasping for air in December. Inventory continued to dry up across the Dallas Fort Worth market, helping to push median and average home prices up 9.7 percent and 12.3 percent respectively. Prices on a per square foot basis hit fresh new highs in North Texas as 2020 came to a close. Ironically we saw a bevy of Federal Reserve officials calling for more inflation in the economy last week while home prices were posting double-digit year-over-year gains. North Texas home sales were up 16 percent from December of 2019. [...]

By |2021-01-18T12:19:32+00:00January 11th, 2021|Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Economy, Housing Market, Housing Policy, Mortgages|2 Comments
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North Texas Housing Inflation Much Worse Than Official Statistics

Housing inflation in North Texas is much worse than official statistics would have you believe. This is a feature, not a bug of the financial system we live in. The Federal Reserve's preferred measure of housing inflation, owners' equivalent rent, is a comical joke which is purposely used to provide the appearance of tame, measured inflation in the U.S. economy. Many government officials use the official CPI measure of housing inflation despite its inherent flaws in capturing actual home price inflation experienced by consumers and home buyers. The CPI measure of owners equivalent rent is [...]

By |2022-08-06T13:25:35+00:00January 4th, 2021|Denton County Real Estate|0 Comments
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New Home Sales Revised Lower In November

New home sales were revised lower in November. The Census Bureau reported new home sales at a seasonally adjusted annual rate (SAAR) of 841,000 units last month. New home sales were still up 20.8% compared to last year, but sales dropped 11 percent from the revised October figure of 945,000 units. August and September were also revised lower. Let's dig into the numbers and find out what happened. The median price of a new home in the U.S. stood at $335,300. The average price was $390,100. Months of supply for new homes stood at 4.1 [...]

By |2020-12-24T11:53:24+00:00December 24th, 2020|Denton County Home Prices, Denton County New Homes, Denton Tx New Homes, DFW Home Prices, DFW New Homes, Housing Market, Mortgage Rates, New Home Sales, Spin Cycle|0 Comments
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North Texas Home Prices Hit New Highs In Fed-Fueled Market Frenzy

The Fed-fueled housing boom of 2020 is still gripping North Texas. Median and average prices in the DFW area were up 13.1 percent and 15.5 percent respectively in November. Everyone moderately attached to central bank liquidity has been busy buying up assets. Denton home prices defied normal seasonal trends last month. Median prices in the city of Denton were up 6.1% compared to last year, while average prices hit a new record high of $315,590. That translates to a 13.4% increase from November of last year. Denton County saw similar home price gains with median [...]

By |2020-12-17T15:51:10+00:00December 10th, 2020|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Economy, Housing Market, Mortgage Rates|0 Comments
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Home Prices Soar As Denton County Home Inventory Bottoms

Home prices soared again last month as Denton County home inventory appears to have bottomed at record lows. Updated data show 1.3 months of supply in Denton County and just 1.7 months of home supply in the DFW market. With inventory running on fumes, median and average prices in Denton County climbed 9.9 percent and 9.5 percent respectively. North Texas saw home price gains of 12.4 percent and 14.8 percent compared to a year ago as the average price of a DFW home eclipsed $360,000. The reflation trade in the real estate market looks to [...]

By |2020-11-23T12:54:15+00:00November 10th, 2020|Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Homes For Sale, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market|0 Comments
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North Texas Home Sales Defy Economic Stagnation

North Texas home sales continued to defy economic stagnation in September. NTREIS data reflect a 24 percent rise in home sales in the DFW area last month. Pending sales look to be up by 17 percent. The median price of a DFW home jumped 10.3 percent compared to a year ago. Average prices climbed 13.4 percent. Months of inventory plummeted 46 percent to just 1.9 months of supply. Denton County home sales skyrocketed 30 percent with pending sales up 18 percent. The median price of a Denton County home jumped 7.8 percent while average prices [...]

By |2022-08-06T13:36:17+00:00October 10th, 2020|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Economy, Housing Market, Mortgage Rates|0 Comments
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New Home Sales Highest Since 2006

New home sales for August came in at a seasonally adjusted annual rate (SAAR) of 1,011,000 units. This was above expectations depending on who you were asking. The August figures from Census put U.S. new home sales up 4.8 percent from July, and up a whopping 43.2 percent from August 2019. New home sales were at the highest levels since 2006. Previous months were also revised higher. The median price of a new home in August was $312,800. The average price came in at $369,000. Both figures are lower than prices for July and down [...]

By |2020-09-24T22:01:07+00:00September 24th, 2020|Denton County New Homes, Denton County Real Estate, Denton County Relocation, DFW New Homes, DFW Real Estate, Employment, Housing Market, Housing Policy, Mortgage Rates, New Home Sales, Relocation|0 Comments
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North Texas Real Estate Market Partying Like It’s 1999

The North Texas real estate market continued to ramp higher in August. Median home prices in Denton County jumped 6.3 percent last month, with average prices rising 7.4 percent compared to a year ago. Denton County home sales increased 10 percent, while pending sales for Denton County homes shot 33 percent. Home buyers are still riding that wave of liquidity, and who can blame them. Mortgage rates just hit a new record low in the latest weekly survey, with the rate on the 30-year fixed dropping to 2.86 percent. Those low rates helped push North [...]

By |2020-09-10T22:08:25+00:00September 10th, 2020|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Economy, Housing Market, Housing Policy, Mortgage Rates, Texas Real Estate|1 Comment
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New Home Sales Soar In July To 901,000 SAAR

New home sales for July soared to a seasonally adjusted annual rate (SAAR) of 901,000. That was the best showing for the new home market since 2007 as sales increased 13.9 percent for the month and 36.3 percent compared to July 2019. Both median and average prices jumped, rising $330,600 and $391,300 respectively. The supply of new homes plummeted to 3.9 months looking at the unadjusted numbers. Record low mortgage rates and $trillions in stimulus courtesy of the Federal Reserve's Covid-19 bailouts have proven to be the perfect recipe for home price inflation this summer. [...]

By |2020-08-26T00:06:40+00:00August 26th, 2020|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Mortgage Rates, New Home Sales|0 Comments
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Denton Texas Employment Stalls With Fading Govt Stimulus

Denton Texas employment stalled in July as stimulus benefits for many Americans came to an end. While Denton and Denton County showed slight increases in employment from June levels, North Texas as a whole actually lost jobs during the month. The Dallas-Fort Worth-Arlington MSA region saw unadjusted nonfarm employment fall by 12,900 jobs from June levels. Employment for the North Texas region was down by 150,500 jobs compared to July 2019. The latest numbers from the Texas Workforce Commission in July are a stark reminder that the real economy has not fully recovered, even if [...]

By |2020-08-22T14:26:55+00:00August 22nd, 2020|Denton County Real Estate, Denton TX Real Estate, DFW Employment, DFW Real Estate, DFW Relocation, Economy, Employment, Texas Real Estate|0 Comments
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Aaron Layman Realtor Denton County Texas Questions? Call me now at
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