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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State of the D-FW Market


State of the D-FW Market

 

The Dallas-Fort Worth and North Texas residential real estate market continued 2013’s record-setting pace in 2014 with 83,000-plus home sales at a total market value of $20 billion changing ownership.

 

During the past two years, D-FW-area average home values have increased more than 20 percent. In the same period, the average time it takes to sell a home has decreased to less than 60 days.

 

The D-FW area continued to lead the nation in job growth in 2014, and the unemployment rate fell to 4.8 percent, remaining well below the national average. At the same time, salaries in the area increased in almost every income sector, according to the U.S. Bureau of Labor Statistics. That’s good news for both the local economy and area residential real estate sales.

 

It appears 2015 may be another stellar year for the Dallas-Fort Worth and North Texas residential real estate market and for the Ebby Halliday Companies. The recent acquisition of Williams Trew Real Estate by the Ebby Halliday Companies enhances the firm’s presence in Fort Worth and will add significantly to its ability to provide the highest quality of professional real estate services throughout the entire D-FW and North Texas area.

 

Through November, the Ebby Halliday Companies had participated in 1-of-every-5 D-FW area homes sold through MLS during 2014.

 

To view properties listed for sale throughout North Texas, visit the award-winning ebby.com.

 

D-FW Home-Price Gains Peak, Slow


 

Prices of pre-owned homes in the Dallas area hit another peak in July, but annual increases continued to slow, according to the just-released Standard & Poor’s/Case-Shiller Home Price Index. Dallas home prices increased 7.4 percent year over year — the lowest rate of advance in approximately a year.

 

The Dallas price index hit a new high for the sixth-straight month and is nearly 12 percent ahead of June 2007, just before the worldwide economic collapse. Denver was the only other U.S. city to set a new high in the much-anticipated report.

 

Interested in what your North Texas property is worth in today’s market? Pricing a home is a job for experts. To find just the right agent for your real estate needs, visit the award-winning ebby.com.

 

 

D-FW Home Price Gains Healthy


 

Dallas-Fort Worth home prices were up 5.2 percent in the second quarter from a year ago, according to the latest National Association of Realtors survey.

 

Nationwide, prices were up 4.4 percent – the smallest such increase since 2012, according to NAR. The biggest year-over-year increases were both in Oregon, with Salem at 24.9 percent and Eugene at 18.1 percent. Prices were up in 71 percent of the markets surveyed.

 

Analysts have been forecasting a slower rate of home price growth this year. D-FW home price gains have cooled substantially from the 9 percent rise in the first quarter.

 

“At this slower but healthier rate, homeowners can continue steadily building equity,” says NAR economist Lawrence Yun. “Meanwhile, for buyers, increased supply with moderate price gains is giving them better opportunities to choose.”

 

Nationwide median sales prices in the second quarter were at a record $212,400. In the D-FW area that number was $191,300.

 

 

Housing Price Gains Smallest Since Last Summer


Housing Price Gains Smallest Since Last Summer

 

Dallas-area home prices rose at the slowest rate in 10 months, according to the just-released Standard & Poor’s/Case-Shiller Home Price Index.

 

Dallas prices were up 8.6 percent in May from a year ago. Nationwide, prices rose 9.4 percent in the same period.

 

The lower home price gains had been predicted by analysts who see some moderation after many months of double-digit price increases. Eighteen of the 20 cities Case-Shiller surveys had lower gains in May than in April.

 

Dallas’ increase was the smallest since July of last year. Earlier this year local home prices were growing at more than 10 percent from a year ago.

 

The largest annual gains in May were in Las Vegas, 16.9 percent, and San Francisco, 15.4 percent. The smallest increase was in Cleveland, 2.4 percent.

 

Dallas-area home prices are now at a record level – up more than 9 percent from where they were before the recession. And prices here are almost 25 percent ahead of where they were at the worst of the economic downturn in 2009. Dallas-area prices have been rising in the Case-Shiller study for more than 24 months.

 

PHOTO: The Dallas Morning News