Glowing gains in Dallas home pricesGlowing gains in Dallas home priceshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=133592016-06-06T05:00:00Z2016-06-06T14:00:00Z

​​​DALLAS - Home price gains in the Dallas area were dialed down in the latest nationwide comparison.

But the 8.5 percent annual price increase was still well ahead of the nationwide rise in the latest Standard & Poor’s/Case-Shiller Home Price Index​.​

Dallas’ home price rise in March 2016 was the lowest annual increase in nine months and a half percentage point below February’s 9 percent gain. 

“The economy is supporting the price increases with improving labor markets, falling unemployment rates and extremely low mortgage rates,” S&P’s David Blitzer said in the report. “Another factor behind rising home prices is the limited supply of homes on the market.

Dallas-area home prices are at a record level and are now more than 25 percent higher than they were before the recession, according to Case-Shiller.

With more than 80,000 people a year moving to North Texas, homes are in short supply. 

Pre-owned home sales in North Texas are up 14 percent so far in 2016.
Dallas Morning News
Dallas-Fort Worth-Arlington

​For more on DFW housing, check out DFW Housing Market Research. ​

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