Case-Shiller: North Texas home-price surge easingCase-Shiller: North Texas home-price surge easinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=179162017-09-29T05:00:00Z2017-09-29T15:00:00Z

​​​DALLAS – The surge in Dallas-Fort Worth home prices is showing signs of moderating, according to the latest S&P CoreLogic Case-Shiller home-price index.

Area prices for July were up 7.3 percent from a year ago in the comparison of the 20 largest U.S. cities. That was strong enough to rank North Texas fourth nationally (in a tie with Detroit) behind Seattle, Portland, and Las Vegas.

Nationwide, prices were up 5.9 percent from a year ago.

North Texas home prices had posted 8 percent annual gains from 2014 through May, when they slipped fractionally to 7.8 percent. In June, the region's annual gain was 7.7 percent. In July, the gain dipped to 7.3 percent.

S&P managing director David Blitzer said the housing market will face two contradicting challenges this year and next: Post-hurricane rebuilding in Texas, Florida, and other parts of the South will create further pressure on housing supply, while the Federal Reserve's recent move to shrink its balance sheet could push up mortgage rates.

Dallas Morning News
Dallas-Fort Worth-Arlington
https://www.dallasnews.com/business/real-estate/2017/09/26/dallas-area-home-price-surge-shows-signs-moderating-new-national-comparisonRead more at {Source}

 Search NewsTalk Texas