Dallas-area home prices continued to rise at record rates in October compared with a year ago, according to the latest Standard & Poor’s/Case-Shiller Home Price Index. Prices of pre-owned homes were up 9.7 percent from October 2012. This latest price increase was the greatest such gain for the Dallas area in the history of the closely monitored index.
Nationwide, home prices rose by 13.6 percent from October 2012 — the biggest such increase in seven years. The largest gains were in Las Vegas, 27.1 percent; and San Francisco, 24.6 percent.
After a year of steep home price increases, most analysts are forecasting a cooling in the rate of home price appreciation in Dallas-Fort Worth and other major metropolitan areas.