Mar 2, 2016
Dallas home prices zooming ahead U.S. increases
DALLAS - Dallas-area home prices rose by almost 9.8 percent in January, continuing to grow faster than nationwide rates according to a recent report by CoreLogic. U.S. home prices were 6.9...
DALLAS – Dallas-area home prices rose by almost 9.8 percent in January, continuing to grow faster than nationwide rates according to a recent report by CoreLogic.
U.S. home prices were 6.9 percent higher in January than they were at the start of 2015. CoreLogic is forecasting that nationwide home prices will rise by 5.5 percent in the year ahead.
Dallas-area home price increases couldn’t keep up with January price growth in Denver (11.8 percent) and San Francisco (11.6 percent).
Prices in the Houston area were up 5.7 percent from January 2015—still rising but at less the nationwide rate. Houston’s housing market has slowed since oil price declines have caused thousands of energy sector layoffs.
Analysts expect that North Texas’ near double-digit home price gains will continue as long as employment growth in the area remains strong.
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