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Real Estate

Something’s Gotta Give – Home Prices or Mortgage Rates

Something's gotta give in terms of mortgage rates or home prices. While many agents and loan officers were cheering a 50 basis point rate cut from the Federal Reserve in September, the bond markets smelled a rat. Mortgage rates responded by actually rising by a half point since the Fed's announcement. This halted recent improvement in sales activity. It will also have an effect on home prices now that forward expectations are receiving a dose of reality. The reality is that inflation isn't dead, not by a long shot. Some real estate industry practitioners were [...]

By |2024-10-17T11:56:46+00:00October 11th, 2024|Denton County Home Prices, Denton County Homes For Rent, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Homes For Lease, Denton TX Homes For Sale, Denton Tx New Homes, Denton TX Real Estate, DFW Employment, DFW Home Prices, DFW Homes For Lease, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Employment, Housing Market, Housing Policy, In the Press, Monetary Policy, Mortgage Rates|0 Comments
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Sharp Rebound in North Texas Home Inventory

North Texas home inventory has experienced a sharp rebound in 2024. The savagely unhealthy housing market and a buyers' strike have helped to replenish available housing stock this year. The key has been a dramatic turnaround in existing home inventory. Across the DFW area, existing home supply has rebounded sharply this year. Here's a county-level summary of the resale inventory increases in the Dallas-Fort Worth area through July 2024: Dallas County - Up 63.6% Year-over-Year (3.6 months of supply) Tarrant County - Up 59.1% (3.5 months of supply) Collin County - Up 69.6% (3.9 months [...]

By |2024-08-16T11:55:30+00:00August 10th, 2024|Denton County Employment, Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Realtor, Denton Tx Home Prices, Denton TX Homes For Lease, Denton TX Homes For Sale, Denton Tx New Homes, Denton TX Property Taxes, Denton TX Real Estate, DFW Employment, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Employment, Housing Market, In the Press, Monetary Policy, Mortgage Rates|0 Comments
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Dallas TX Luxury Home Sales Go Parabolic

Luxury home sales were on rocket fuel last month in Dallas Texas. Sales of luxury homes price at a $1 million or more spiked 44 percent from May of last year. The average price of a Dallas home skyrocketed 21 percent year-over-year setting a new record high of $716,131. That's $124,000 higher than May of last year and $63,000 higher than the previous bubble peak of June 2022. While the Federal Reserve is still trying to shrink that bloated balances sheet, The U.S. Treasury department is still pumping out a lot of new debt issuance [...]

By |2024-08-13T11:03:03+00:00June 10th, 2024|Dallas Tx Home Prices, Dallas TX Homes For Sale, Dallas TX Real Estate, Denton County Home Prices, Denton County Homes For Sale, Denton County Property Taxes, Denton County Real Estate, Denton County Relocation, Denton Realtor, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Property Taxes, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Economy, Employment, Housing Policy, In the Press, Monetary Policy, Mortgage Rates|0 Comments
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Rise In Inventory Boosts Home Sales

More home inventory helped push North Texas home sales into positive territory in April. North Texas saw a 5.5 percent increase in home sales compared to last year while Denton County experienced a 7.3 percent bump in closed transactions. The additional transaction activity was fueled by a 37 percent rise in available home inventory compared to last year. Inventory has been growing steadily for most of the year as 7 percent interest rates and a slowing economy worked to curtail demand in the housing market. Denton County now has 2.7 months of available home inventory. [...]

By |2024-08-13T11:03:46+00:00May 12th, 2024|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton County Relocation, Denton Realtor, 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, Monetary Policy, Mortgage Rates|0 Comments
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Home Sellers Can Say Goodbye to Six Percent Commissions

Home sellers can finally say goodbye to inflated six percent commissions. The big news in the real estate market this month wasn't the stagnant sales or home prices. The bombshell news for the housing market is NAR's $418 million settlement proposal to settle litigation over industry commissions. Stagnant Housing Market Continues The North Texas housing market continued to stagnate in February. Denton County experienced a 10 percent decline in closed sales for the month compared to last year. Pending sales were four percent lower. The median and average price per square foot of a Denton [...]

By |2024-08-13T11:05:17+00:00March 17th, 2024|Denton County Home Prices, Denton County Real Estate, Denton County Relocation, Denton Realtor, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Housing Market, Real Estate|0 Comments
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Inventory & Affordability Issues Affecting Real Estate Market

Denton County's real estate market continues to struggle with inventory & affordability issues. While higher than last year, closed sales in North Texas were still hovering near a decade-low in January. Pending home sales in North Texas moved higher for the month, but pending sales contracts were still 10 percent lower-year over year in January. The temporary relief in mortgage rates during the last few months of 2023 translated into additional activity for the housing market. So far in 2024 housing activity remains sluggish. Mortgage rates are bouncing around between 6.5 and 7 percent. Inflation [...]

By |2024-08-13T11:06:04+00:00February 10th, 2024|Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Realtor, Denton Tx Home Prices, 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, Housing Policy, Monetary Policy, Mortgage Rates|0 Comments
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Denton County “Home” Prices Finish 2023 Where They Started

Denton County home prices finished out the year right where they started. A strong start to 2023 saw prices and sales activity continue to move higher into the summer. That's when the Denton County housing market essentially stalled out. A subsequent rise in mortgage rates to the eight percent mark brought a double-dip in the market and another round of softness. The Yellen pump and the Powell pivot helped to lower rates slightly over the last two months of the year and prevent the market from sliding further. The official stats for Denton County in [...]

By |2024-08-13T11:07:48+00:00January 10th, 2024|Denton County Home Prices, Denton County New Homes, Denton County Property Taxes, Denton County Real Estate, Denton County Relocation, Denton Realtor, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market, Monetary Policy, Mortgage Rates, Spin Cycle, Texas Property Taxes|0 Comments
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What’s Going On With New Home Sales

The Census Bureau reported new home sales for November at a seasonally adjusted annual rate (SAAR) of 590,000 units. That was well below expectations. The median new home price was $434,700 according to Census estimates. The average new home price was $488,900. The inventory of new homes rose to 9.2 months of supply. That put inventory at the highest levels of the year, and back to where it stood in November 2022. But there's a catch. This is November data. The November Census estimate on new home sales doesn't capture the capitulation from Janet (Treasury) [...]

By |2023-12-23T12:22:48+00:00December 23rd, 2023|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Housing Market, Housing Policy, Monetary Policy, Mortgage Rates, New Home Sales|0 Comments
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Denton County Housing Market Searching For a Soft Landing

Denton County's housing market was still searching for that soft landing in November. Home sales were down 2 percent year-over-year. Pending sales fell by nine percent. Median home prices were steady at $450,000. Ironically enough that's exactly where prices stood in November of last year. Average prices slid for the fourth consecutive month, putting them down 1 percent lower than last year. The average price of a Denton County home is $68,000 (eleven percent) lower than the bubble peak of last spring. The North Texas housing market is currently caught between The Federal Reserve's need [...]

By |2024-08-13T11:11:47+00:00December 11th, 2023|Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Realtor, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Employment, Housing Market, Housing Policy, Monetary Policy, Mortgage Rates, Politics, Relocation|0 Comments
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North Texas Housing Market Stalls with Eight Percent Rates

The North Texas housing market continued to cool with mortgage rates rising to eight percent in October. Closed sales in Denton County fell 9 percent from a year ago. Pending contracts slid 2 percent. Inventory remained steady at 2.5 months of supply. Percent of list and days on market were relatively unchanged. Median home prices in Denton County slid to $450,000 in October, down 1.3% from a year ago. Average prices cooled as well, sliding to $538,063. Prices have cooled for 3 months in a row. It's not just normal seasonality at play. Higher mortgage [...]

By |2024-08-13T11:13:33+00:00November 10th, 2023|Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Realtor, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Housing Market, Monetary Policy, Mortgage Rates|0 Comments
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Aaron Layman Realtor Denton County Texas Questions? Call me now at
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