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.

 

 

Ebby Offers Multilingual Service


 

 

Regardless of your preferred language, at the award-winning ebby.com it’s easy to find an agent who is fluent in that language. Here’s how: Simply click on the Agents and Offices tab at the top of the home page, select Agent Directory and use the pull-down menu for Languages.

 

A few of the languages spoken by Ebby Associates include Arabic, Chinese Mandarin, Danish, Farsi/Persian, French, German, Greek, Hebrew, Hindi, Hungarian, Italian, Japanese, Korean, Norwegian, Polish, Portuguese, Russian, Sign Language, Spanish, Swedish, Taiwanese, and Vietnamese.

 

Many Ebby Associates who speak a foreign language offer the ability to search the Multiple Listing Service in that language as part of their ebby.com Agent page. In addition, you’ll find a link to multilingual search capabilities at the bottom, left-hand side of the site.

 

Regardless of your preferred language, Ebby Halliday Realtors and ebby.com offer homebuyers and sellers considerable advantages. Long considered the gold standard in real estate websites – and adding innovative technology regularly,­ such as the only search by light-rail station capability in North Texas – ebby.com is the place to be to start your home search today.

 

 

 

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

 

Home Sales Increasing


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Sales of previously owned homes rose for a third straight month in June, pushing activity to the highest level in eight months and providing evidence that the U.S. housing market is once again gaining momentum.

 

The National Association of Realtors said today that sales of existing homes increased 2.6 percent to a seasonally adjusted annual rate of 5.04 million homes. It marked the first time that sales have been above the 5 million-mark since October.

 

Nationwide, the median price of a home sold in June was $223,300, up 4.3 percent from a year ago.

 

Closer to Home in North Texas 

 

According to data from the Real Estate Center at Texas A&M and North Texas Real Estate Information Systems, pre-owned home sales in June set an all-time record of 9,481 homes sold in a single month, and median sales prices were 10 percent higher than a year ago at a record $199,900.

 

The Ebby Halliday Companies are setting records as well. Sales volume through June 30 is well ahead of the firm’s all-time record-setting pace of 2013 and sales continue to increase.

Dallas-area Home Prices Up


 

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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.

 

If you’re curious about the value of your North Texas home — or you’d just like to learn more about the fast-paced Dallas-Fort Worth-area housing market — contact an Ebby Associate today. To get started, visit the award-winning ebby.com.

Home Sales Heat Up


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Existing-home sales rose strongly in May and inventory gains continued to help moderate price growth, according to a just-released report from the National Association of Realtors. All four regions of the country experienced sales gains compared to a month earlier.

 

Nationwide, existing home sales rose 4.9 percent in May, but remain 5 percent below May 2013. The 4.9 percent month-over-month gain in May was the highest monthly rise since August 2011. Closer to home, in the country’s South region, sales rose 5.7 percent in May, and were down only 0.5 percent from this time last year.

 

“Home buyers are benefiting from slower price growth due to the much-needed, rising inventory levels seen since the beginning of the year,” says Lawrence Yun, NAR chief economist. “Moreover, sales were helped by the improving job market and the temporary but slight decline in mortgage rates.”

 

The median existing-home price nationwide in May was $213,400, which is 5.1 percent above May 2013. In the South region, the median price was $184,800.

 

To learn more about the real estate market in your neighborhood — or your neighborhood of interest — or to determine what your property is worth, contact an Ebby Associate today. To find the ideal agent for your residential real estate needs, visit the award-winning ebby.com.

Dallas-Area Home Prices Up 10.4%


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Dallas-area home prices are up 10.4 percent over April 2013, according to a report released today from CoreLogic Inc. Dallas was one of eight major U.S. cities with double-digit percentage price gains.

 

Nationwide, home prices are up 10.5 percent in April 2014 compared to April 2013. That’s now 26 months of consecutive year-over-year increases in home prices nationally. No states posted depreciation in April 2014.

 

Texas, Colorado, Louisiana, Nebraska, Oklahoma, North Dakota, South Dakota, and Wyoming all surpassed their previous home price peaks. In all, 23 states and the District of Columbia are at or within 10 percent of their peak home price appreciation.

 

To learn what your North Texas home is worth in the current real estate market, contact an Ebby Halliday Associate today. To get started, visit the award-winning ebby.com.

Dallas-Area Home Prices Hit Record High


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Dallas-area home prices hit a record high in the latest Standard & Poor’s/Case-Shiller Home Price Index.

 

According to the report released today, local home prices were up 10 percent in March from a year earlier. March marks the fourth-consecutive month that Dallas-area home prices increased at a double-digit rate from the previous year. Prices were up 1.2 percent over February.

 

Nationwide, prices were up 10.3 percent from 2013.

 

“All cities were higher than a year ago and all but New York were higher in March than in February,” said S&P’s David Blitzer. “However, only Denver and Dallas have set new post-crisis highs and they experienced relatively lower peak levels than other cities.”

 

Dallas-area home prices are now 6 percent higher than they were at the previous peak of the market back in 2007. Nationwide, prices are still almost 20 percent below where they were before the recession.

 

To find out what your home is worth in today’s fast-moving market, contact an Ebby Associate today. To get started, visit the award-winning ebby.com.