Affordability conundrum, Dallas’ challenge

​DALLAS-FORT WORTH – The region is falling out of the ranks of being an affordable growth market in the country.

The years of escalating home prices have skyrocketed house prices over 43.3 percent in the past five years.

The region ranked at No. 48 out of the top 100 U.S. metros in the report with home prices expected to increase 4.13 percent, with a sales growth of 5.09 percent.

"The Dallas market is finally seeing inventory, especially on the new construction side, that will alleviate some of that pricing pressure," Jonathan Smoke, chief economist for California-based Realtor.com added.

In North Texas, buyers are paying about a third more than the rest of the country for a single-family home.

The median price for a new home in North Texas was up 13.2 percent year-over-year to $336,381, according to data from Residential Strategies Inc.