Steve Brown of The Dallas Morning News reports that Dallas-area home prices rose by 6.5 percent in the latest Standard & Poors/Case-Shiller Home Price Index.
The price gain in December from a year earlier was the largest local increase in the survey in 12 years. And, the increase marked the 10th month in a row of higher Dallas-area home prices in the monthly report.
Nationwide, prices were up 7.3 percent in the Case-Shiller survey.
Home prices ended 2012 with solid gains, S&P s David M. Blitzer said in the report. Dallas, Denver, and Minneapolis recorded their largest annual increases since 2001.
Only one U.S. market in Case-Shiller s report the New York area was still showing a slight decline of 0.5 percent in home prices in December from a year earlier.
The largest increase was Phoenix s 23 percent year over year gain.
DallasNews.com subscribers may click here to see the full article from Steve Brown.
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