2017 ended up with Dallas-Area home prices up 7.1 percent!
(as reported by Dallas Morning News, December 27, 2017)
From a year ago, our area home prices are up over that 7% in the latest nationwide comparison. And our area price increase was higher than the 6.2 percent nationwide annual gain in October, according to the Standard & Poor’s/Case-Shiller Home Price Index.
"Home prices continue their climb supported by low inventories and increasing sales," S&P's David M. Blitzer said in the report. "Underlying the rising prices for both new and existing homes are low interest rates, low unemployment and continuing economic growth."
DFW-area home prices have now risen 60 percent since 2009 during the recession and are at record levels. Local prices are about 50 percent ahead of where they were at the peak of the last housing market in 2007. The rate of these home price growths in North Texas are slightly slowing after several years of substantial increases. Most forecasts see smaller percentage price gains in Dallas-Fort Worth next year.
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