DALLAS – Big D had the fourth-largest home price increase in the country in April, according to the newly released Standard & Poor's/Case-Shiller Home Price Index.
Area home prices were up 8.6 percent from a year earlier.
Prices rose 12.3 percent year-over-year in Portland, Ore., 10.7 percent in Seattle, and 9.5 percent in Denver. Nationally, they were up 5 percent.
The city's home prices have jumped by over 40 percent in the last five years, and Real Estate Center Chief Economist Dr. Jim Gaines predicts the 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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