Case-Shiller: Dallas home price gains largest in two yearsCase-Shiller: Dallas home price gains largest in two yearshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=122332016-02-24T06:00:00Z2016-02-24T19:20:00Z

​​​​DALLAS - Home prices posted another big gain in the latest nationwide comparison, as Dallas prices rose 9.6 percent in December from a year earlier in the Standard & Poor’s/Case-Shiller Home Price Index.

The local home price increase was among the five largest gains in the country and was almost twice the nationwide increase of 5.4 percent.

December’s year-over-year price increase was the highest for the Dallas area in almost two years in the closely-watched Case-Shiller report.

Nationwide home prices are now back to where they were in 2007 before the worst of the housing market bust.

Dallas area home prices are at an all-time high and almost 24 percent ahead of where they were in summer 2007, according to Case-Shiller.

North Texas home prices are rising at more than twice their average long-term rates due to a short supply and booming demand caused by growth in the area.

Dallas Morning News
Dallas-Fort Worth-Arlington

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