DALLAS – The city had the fourth-largest home price increase in the nation, according to the newly released Standard & Poor's/Case-Shiller Home Price Index.
Area home prices were up 8.6 percent in April from last year. Prices were up 12.3 percent in Portland, Ore., 10.7 percent in Seattle, and 9.5 percent in Denver. Nationwide, home prices were up 5 percent.
North Texas home prices have jumped by nearly 40 percent in the last five years.
Real Estate Center Chief Economist Dr. Jim Gaines predicts that the North Texas home market will continue at near the current pace through the end of 2016.
“Dallas is still going almost great guns and will for the rest of the year,” Gaines said. “We are into what is generally the peak of the summer market."
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