A jump in Denton’s home sales is masking a savagely unhealthy housing market

Home sales activity in the city of Denton improved 21% in November. Postelection enthusiasm pushed pending contracts 7% higher. Median home prices rose 3% from last year. The headline numbers for November were positive, but the current housing market is still savagely unhealthy. Forty-five percent of the homes sold for $300,000 or less in Denton last month were all-cash deals. Financialization nation is still creating more housing market inequality and more wealth inequality.

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