DFW home prices growing at slowest rate in five yearsDFW home prices growing at slowest rate in five yearshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=204702018-06-27T05:00:00Z2018-06-27T15:00:00Z

​​DALLAS – Area home prices were up 5.7 percent ​​in April—the smallest year-over-year gain in over five years. 

According to the latest Standard & Poor's CoreLogic Case-Shiller Home Price Index, North Texas home prices are at an all time high. They are about 45 percent ahead of Great Recession levels. ​

​An increase in home inventory and mortgage costs have contributed to the slowdown in home appreciation. The biggest decline in appreciation is at the higher end of the market.

"The more expensive homes are not going up as fast," said Dr. Jim Gaines, Real Estate Center chief economist. "Around the median price, those properties are still going up fast.

"The price increases at what I would call the mid-level and down are still pressured to go up at a much faster clip."​

According to the survey, the biggest home price increases in the nation were in Seattle, 13.1 percent, and Las Vegas, 12.7 percent.​

Nationwide home prices were 6.4 percent higher than in April 2017.

Dallas Morning News
Dallas-Fort Worth-Arlington
https://www.dallasnews.com/business/real-estate/2018/06/26/dallas-area-home-prices-growing-slowest-pace-five-yearsRead more at {Source}

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