Friday, October 30, 2015

Growing U.S. housing market helps bolster DFW home prices

Home prices in the Dallas-Fort Worth area continued to rise in August by 8.9 percent year-over-year as jobs continue to flock to the region and the U.S. housing market gains strength, according to the S&P/Case-Shiller Home Price Index released Tuesday.

The home price gains in North Texas surpass the national year-over-year increase of 5.1 percent for the 20-city composite conducted by the research group. Along with rising home prices, other housing indicators are also showing strength, said David Blitzer, managing director and chairman of the index committee for S&P Dow Jones Indices.

The rising home prices in the U.S. and in Dallas-Fort Worth are driven in part by low inflation, said Blitzer.

Candace Carlisle/Dallas Business Journal