Monday, November 10, 2014

Dallas home price gains outpace U.S. and Texas growth

Dallas-area home prices are growing faster than the rest of the nation, according to a new report by CoreLogic Inc.
Dallas prices jumped 9 percent in September compared with the same month in 2013, according to the latest data.
Only Houston (9.9 percent) and Riverside, Calif. (9.5 percent) had larger price increases in Dallas among the cities CoreLogic compared.
Dallas’ home price increase was also ahead of the Texas gain of 8 percent.
Nationwide prices rose by 5.6 percent in the same period.
Prices are now at a record high in Colorado, Nebraska, North Dakota, South Dakota and Texas.
While still strong in Texas, price gains in many U.S. markets are now lower than early in 2014.
“Home prices continue to rise compared with this time last year but the rate of growth is clearly slowing as we exit 2014,” said Anand Nallathambi, president and CEO of CoreLogic. “With more positive macro-economic trends emerging in the U.S., we are forecasting moderate price growth for 2015.”