DALLAS – Latest CoreLogic data show area home prices in February increased 9.6 percent from a year ago, second only to Denver's 11.4 percent increase.
Nationally, home prices were up 6.8 percent from February 2015.
“Home prices continue to rise across the United States with every state posting year-over-year gains during the last 12 months,” CoreLogic President and CEO Anand Nallathambi said in the report. “Improved economic conditions and tight inventories continue to drive exceptionally strong gains in many markets, especially for homes priced below $500,000.”
North Texas home prices are rising at more than twice the long-term rate because of the tight housing supply and population gains.
DFW home prices have increased by more than 30 percent in the last five years and are now at record levels, reports the Dallas Morning News.
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