Dallas-area Home Prices Rise 10 Percent in January



Dallas-area home prices rose by 10 percent in January, according to a new S&P/Case-Shiller Home Price Index report released today. While slightly less than the 10.2 percent gain in December, the new number is still close to an all-time high.


Nationwide, home prices were up 13.2 percent in January from the same month in 2013.


“The housing recovery may have taken a breather due to the cold weather,” S&P’s David M. Blitzer said in the report. “Twelve cities reported declining prices in January vs. December; eight of those were worse than the month before. From the bottom in 2012, prices are up 23 percent and the housing market is showing signs of moving forward with more normal price increases.”


Dallas-area price increases are now almost 5 percent ahead of where they were before the recession.


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