Mary Beth Harrison commented on Dallas News article…
Local prices rose 2.6% from a year ago.
Dallas-area home prices continued to show modest gains in the latest nationwide comparison.
Dallas prices were up 2.6% from a year ago in the just released S&P CoreLogic Case-Shiller Home Price Index. That was less than the nationwide annual price rise of 3.8% from December 2018.
Home prices grew in all of the 20 major U.S. home markets tracked each month in the Case-Shiller survey.
“The U.S. housing market continued its trend of stable growth in December,” S&P’s Craig J. Lazzara said in the report. “At the national level, home prices are 59% above the trough reached in February 2012, and 15% above their pre-financial crisis peak.”
None of the home markets had double-digit percentage home price increases.
The largest year-over-year price gains were in Phoenix (6.5%), Charlotte (5.3%) and Tampa (5.2%).
The Dallas-area price increase was in line with appreciation reported by Case-Shiller in recent months. Dallas-area home prices are more than 70% higher than they were at the worst of the recession in 2009, according to Case-Shiller.
The median home sales prices of single-family homes sold by real estate agents in North Texas were 3% higher in 2019 than in 2018.
Nationwide, home price growth has increased in recent months as lower mortgage rates have sent more people into the market to buy homes.