DFW home price gains outpaced nation

​​DALLAS – According to a new CoreLogic report, area home prices were up 6.9 percent at the end of 2017.

​The metro’s year-over-year price gain was slightly ahead of the nation’s 6.6 percent increase.

"Home prices continue to rise as a result of aggressive monetary policy, the economic and jobs recovery, and a lack of housing stock," Frank Martell, president and CEO of CoreLogic, said in the report. 

"As home prices and the cost of originating loans rise, affordability continues to erode, making it more challenging for both first-time buyers and moderate-income families to buy," he added. "At this point, we estimate that more than one-third of the 100 largest metropolitan areas are overvalued."

DFW home prices have risen by more than 40 percent in the last four years, giving the area one of the greatest home price appreciation rates since the recession.

At the end of 2017, some of the biggest annual home price increases were in Las Vegas (up 11.2 percent), San Francisco (10.1 percent), and Denver (8.1 percent).

CoreLogic predicts that during 2018 nationwide home prices will rise by 4.3 percent.​​