DFW home price gains – Ebby Halliday Realtors Blog

August 30, 2016

North Texas Market Among Nation’s Hottest

The Dallas-area’s home price gains have earned it a place among the fastest-appreciating housing markets in the U.S. at midyear, according to the latest Standard & Poor’s/Case-Shiller Home Price Index of rising values. Dallas ranked behind only Portland, Seattle and Denver in the just-released report.

Dallas home prices were 8.9 percent higher in June from a year earlier in the monthly report. Nationwide, prices rose 5.1 percent in the same period.

“Home prices continued to rise across the country led by the West and the South,” S&P’s David M. Blitzer said in the report. “Overall, residential real estate and housing is in good shape.”

All 20 of the major U.S. home markets Case-Shiller tracks showed year-over-year gains in June. Portland led the nation with a 12.6 percent gain. Prices were up 11 percent annually in Seattle and 9.2 percent higher in Denver.

The Dallas-area is among U.S. home markets that have seen the strongest recoveries since the Great Recession. Dallas housing values are now almost 44 percent higher than where they were before the economic downturn.

August 2, 2016

Dallas No. 2 Nationwide in Home Price Gains

The Dallas-area had the nation’s second-largest jump in home prices in June, according to a new report by CoreLogic. Dallas home prices rose 9.3 percent compared with June 2015 prices.

Only Denver – with a 10.2 percent year-over-year price gain – had a bigger increase among major U.S. cities. Nationwide, prices rose 5.7 percent from a year earlier.

“Mortgage rates dipped in June to their lowest level in more than three years, supporting home purchases,” said Dr. Frank Nothaft, chief economist for CoreLogic. “Local markets with strong economic growth have generally had stronger home-price growth.”

CoreLogic forecasts that nationwide home prices will grow by 5.3 percent during the next three months.

North Texas home prices have risen by more than 40 percent in the last five years, according to Steve Brown, real estate editor at The Dallas Morning News. And home prices in the area are about 50 percent ahead of where they were at the peak of the last housing boom in 2007.

In June, the median price of single-family homes sold by North Texas real estate agents hit an all-time high of $237,500.

To determine the value of your home in today’s competitive North Texas real estate market, contact an Ebby Halliday Realtors Associate today. To get started, visit the award-winning ebby.com.

December 1, 2015

Dallas Leads Nation in Home Price Gains

The Dallas area had the largest year-over-year home price rise in the country in October – up 9.1 percent from the year before, according to a just-released report from CoreLogic Inc. Nationwide, prices were up 6.8 percent from October 2014.

Determining your home’s market value is a job for a properly educated real estate professional. If you’re considering offering your home for sale, contact an Ebby agent to determine the current value of your property. To get started, visit the website voted one of the industry’s best by the Web Marketing Association, ebby.com.

November 25, 2014

Dallas-Area Home Prices Up

Dallas-area home prices were up 7.4 percent in the just-released Standard & Poor’s/Case-Shiller Home Price Index.

The gain from a year ago was the fourth highest in the country and significantly ahead of the 4.9 percent nationwide gain.

The biggest increases were in Miami, up 10.3 percent, and Las Vegas, up 9.1 percent. Charlotte and Dallas were the only two cities to see their annual price gains increase from the previous month. Dallas home prices were up 7.3 percent in August.

Dallas-area home prices are now more than 12 percent higher than they were before the recession and at a record level in the Case-Shiller index.