Dallas No. 2 Nationwide in Home Price Gains


Dallas Second Only to Denver 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.

 

Dallas Second Only to Denver in Home Price Gains

 

Dallas-Fort Worth Home Sales Soar


Dallas-Fort Worth Home Sales Soar

 

North Texas home sales were up 15 percent in April as housing activity rose to the highest level since last summer, according to Steve Brown over at The Dallas Morning News. Real estate agents sold 9,178 preowned single-family homes through the Multiple Listing service last month.

 

Almost 30,000 homes have changed hands during the first four months of 2016, a 14 percent increase over the same period last year.

 

And prices of North Texas homes continue to reach new levels. In April, the median price of a single-family home sold by real estate agents in Dallas-Fort Worth was a record $220,000. That’s up 7 percent from a year earlier.

 

May is already on track to be another big month for home sales. More than 10,000 homes are under contract for purchase – 17 percent more than a year ago.

 

 

Dallas-area Home Prices Up Almost 10 Percent


 

Dallas-area Home Prices Up Almost 10 Percent

 

Dallas-area home prices were up by more than 9.5 percent in the latest housing report from CoreLogic. The only major market in the report with a bigger gain was Denver, where home prices were up 10.9 percent year-over-year.

 

“Home prices reached the bottom five years ago, and since then have appreciated almost 40 percent,” Anand Nallathambi, president and CEO of CoreLogic, said in the report. “The highest appreciation was in the West, where prices continue to increase at double-digit rates.”

 

North Texas home prices are at record levels. Dallas-Fort Worth topped other major Texas cities for both first-quarter annual price increases and sales, according to a new report by the Texas Association of Realtors.

 

To determine the market value of your North Texas home, contact an Ebby Halliday sales associate today. To get started, visit the award-winning ebby.com.

 

Dallas Home Prices Up 9.5%


Dallas Home Prices Up 9.5%

 

Dallas-area home prices are up 9.5 percent in the latest report from CoreLogic. Dallas had the highest year-over-year price increase in a November comparison of large U.S. metropolitan markets.

 

Nationwide, home prices were 6.3 percent higher than in November 2014. CoreLogic is forecasting a 5.4 percent nationwide home price gain for 2016.

 

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, we recommend contacting an Ebby sales associate 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.

 

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Dallas Home Prices Rise 8.9 Percent


 

Dallas home prices rise 8.9 percent

 

Home prices for the Dallas area were up 8.9 percent over a year ago in the just-released Standard & Poor’s/Case-Shiller Home Price Index. Dallas had the fourth-highest price appreciation among the nation’s 20-largest metro areas.

 

The year-over-year increase in Dallas in August was the highest in almost six months. Nationwide, prices were up 4.7 percent from August 2014 levels.

 

The largest annual increases were in San Francisco, 10.7 percent, Denver, 10.7 percent and Portland, 9.4 percent.

 

To find out what your North Texas home is worth, contact an Ebby Associate today. It’s easy to find the right agent for your residential real estate needs at the award-winning ebby.com.

D-FW Home Sales Hit Record High


D-FW Home Sales Hit Record High

 

Real Estate Reporter Steve Brown over at The Dallas Morning News reports that more homes were sold in North Texas in June than have ever sold in a single month in the region. With 10,575 pre-owned single-family homes changing hands, sales were up 12 percent.

 

Sales prices also hit a new high in June, with a median price of $220,000, according to data from the North Texas Real Estate Information Systems. June’s home prices were 12 percent higher than a year earlier.

 

With pending sales in June up 14 percent, July and August are likely to see continued strong home purchase activity in the Dallas-Fort Worth area.

 

Considering selling your North Texas home? Ebby Halliday’s seasoned sales team is ready to assist. To find just the right agent for your residential real estate needs, visit the award-winning ebby.com.

 

GRAPHIC: The Dallas Morning News

Big-City Home Prices Appreciate Nationwide


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Home prices in cities across the nation are picking up steam.

 

Prices in the 20 metropolitan areas measured by the S&P/Case-Shiller 20-City Composite Home Price Index rose 5% year over year in February, compared with a 4.5% gain in January. February’s increase was the largest monthly gain for the index since July 2014.

 

“We’ve seen a lot of people come back into the market on the buy side,” said David Blitzer, chairman of the index committee at S&P Dow Jones Indices. “Clearly, we’re still benefiting from very low mortgage rates for those people who can easily qualify for a mortgage.”

 

The broader S&P/Case Shiller Home Price Index, which covers the entire U.S., rose 4.2% year over year in February, vs. a 4.4% gain in January.

 

But, as we always say at the Ebby Blog, real estate is local: Denver and San Francisco showed the most price inflation over the past year, with gains of 10% and 9.8%, respectively. Dallas was close behind – and fourth nationwide – at 8.6%.

 

D-FW Market Gets Year-End Surge


9757 Spring Branch Drive: Sold by Ebby’s Karen Keegan in just 20 days.

 

 

Real estate reporter Steve Brown provides a nice recap of the 2014 D-FW real estate market in today’s Dallas Morning News.

 

According to Brown, North Texas real estate agents sold a record number of houses in 2014 and a jump in fourth-quarter home starts made last year the best year for home construction in the Dallas-Fort Worth area since the recession.

 

A year-end surge in home purchases and construction was prompted by lower mortgage rates and economic expansion in Dallas-Fort Worth, housing analysts say.

 

More than 90,000 pre-owned single-family homes changed hands last year in North Texas — a 1 percent increase in over 2013. North Texas home sales in 2014 were about 5 percent higher than in 2006, before the recession. And sales have grown more than 40 percent since 2010.

 

Home purchases in December through the Multiple Listing Service were particularly robust — 12 percent higher than a year earlier. Sales prices were 11 percent ahead of December 2013, with a median of $193,940.

 

At the end of the year, median home sales prices in North Texas were almost 40 percent above where they were in early 2010, when the recession reduced residential values.

 

Housing analysts and real estate agents say that recent declines in home finance costs helped boost sales in the final months of 2014.

 

Longtime Ebby agent Barry Hoffer says falling mortgage costs have definitely caught buyers’ attention.

 

“With the recent announcement from the Federal Reserve that rates may be going back up, buyers who had been considering a home have been taking action,” said Hoffer in the DMN article. “They hate to pay more interest if they don’t have to.”

 

Hoffer pointed out that sales would be even higher if there were more houses on the market. December’s inventory of homes for sale was the smallest number in more than a decade — 14 percent fewer than in December 2013.

 

Of course, all real estate is local. To learn more about your neighborhood of interest or the current value of your D-FW home, contact an Ebby Associate today. To get started, visit the award-winning ebby.com.

 

Dallas-Area Home Prices Up


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.

 

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D-FW Home Sales Rise Sharply


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Existing-home sales rose in October for the second straight month and are now above year-over-year levels for the first time in a year, according to a just-released report from the  National Association of Realtors.

 

Nationwide, existing-home sales rose 1.5 percent in October from September. Sales are at their highest annual pace since September 2013 and are now above year-over-year levels (2.5 percent) for the first time since last October. In Dallas-Forth Worth, home sales were up sharply at 5.7 percent year-over-year.

 

The median existing-home price nationwide was $208,300, which is 5.5 percent above October 2013. In D-FW, the median home price was $182,000, also up 5.5 percent. October marked the 32nd consecutive month of year-over-year price gains.