Monday, February 03, 2014

Forecast: Dallas home price gains will be smaller this year

Dallas-area home prices are forecast to rise 4 percent through third quarter 2014. (Steve Brown)
Researchers with CoreLogic and Case-Shiller are predicting that Dallas-area annual home price appreciation will slow to about 4 percent through this Fall.
That’s about half the rate of home price gains in the previous year, according to CoreLogic.
Since the start of the recession in 2008, Dallas-area home prices have risen by about 11.5 percent, the researchers estimate.
Some housing analysts have predicted that the pace of home price gains will fall this year.
“Double-digit price gains are unlikely to persist, but since housing is far more affordable now than it was in 2006, there is less concern that a new housing bubble will occur,” said Dr. David Stiff, principal economist for CoreLogic Case-Shiller.
Nationwide annual home price appreciation is also expected to total about 4 percent through this Fall.