Dallas-area home prices rose 8.7 percent in May from a year ago, according to a new report by CoreLogic Inc.
Nationwide, home prices rose 8.8 percent. The largest home-price gains were in California, with Riverside at 18.2 percent, and Los Angeles at 13.4 percent.
“As we move ahead, a moderation in home price increases over the next 12 months should help cool things down a bit and keep the housing recovery going,” said CoreLogic CEO Anand.
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