Dallas-area home prices were up 9.3 percent in November from a year earlier, according to a just-released report from CoreLogic. Nationwide, home prices were up 11.8 percent for the same period.
Mark Fleming, chief economist for CoreLogic, predicts that when all the numbers are in home prices across the country will be up 11.5 percent for 2013. “That will make 2013 the best year for home-price appreciation since 2005,” Fleming says.
Across Texas, home prices were up 8.7 percent in November from a year earlier. Texas home prices are now fully recovered from the recession and are back to where they were at the peak of the last housing cycle, according to CoreLogic.
The states with the highest appreciation were Nevada (25.3 percent), California (21.3 percent) and Michigan (14.4 percent).