Dallas Home Prices Growing Faster Than the Nation
Dallas-area home prices are growing faster than the nationwide rate, according to the latest study by CoreLogic Inc. Dallas prices rose by 9 percent from a year ago in July, according to CoreLogic’s new report. That’s ahead of the 7.4 percent nationwide increase. The largest increases were in Riverside, Calif. (13.8 percent) and Houston (11.8 percent). CoreLogic forecasts that nationwide home prices will grow by almost 6 percent over the coming year. “Home prices continued to march higher across much of the U.S. in July. Most states are reaching price levels not seen since the boom year of 2006,” Anand Nallathambi, president and CEO of CoreLogic, said in a statement. “Our data indicates that this trend will continue, with more states hitting new all-time peaks this year and into 2015 as the recovery continues.”
- MetroTex News, September 2, 2014
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