CoreLogic: Dallas home prices coolingCoreLogic: Dallas home prices coolinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=185302017-12-05T06:00:00Z2017-12-05T18:00:00Z​DALLAS – Double-digit percentage gains in area home prices have made North Texas one of the top markets in the country for home price appreciation, but CoreLogic says growth is slowing.

In October, Dallas home prices were 6.9 percent higher than they were the year before. That's slightly less than the nationwide year-over-year price gain, according to CoreLogic.

The firm's home price index (HPI) forecast indicates that prices will increase by 4.2 percent on a year-over-year basis from October 2017 to October 2018.​

Even with the slowdown, median home prices are at an all-time high of about $250,000.

The Dallas Morning News says most analysts agree that the rate of DFW home price growth will slow in 2018 after rising by more than 40 percent in the last four years.

"Home prices statewide will revert somewhat to a long-term trend rate of increase of 4 percent to 5 percent," said Real Estate Center Chief Economist Dr. Jim Gaines. "DFW home prices will be up 5 percent-plus."
Dallas Morning News
Dallas-Fort Worth-Arlington
https://www.dallasnews.com/business/real-estate/2017/12/05/dallas-area-home-price-increases-fall-nationwide-comparisonRead more at {Source}

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