DFW Home Prices Expected to Rise Into 2015 Dallas-Fort Worth home prices have continued to rise year-over-year by 8 percent in June, with forecasts expecting the trend to continue into next year. From the previous month, North Texas home prices rose 1.6 percent, according to the Home Price Index report released Tuesday by Irvine, Calif.-based CoreLogic. Nationally, home prices increased 7.5 percent year-over-year in June, with prices increasing 1 percent from May to June. Home price appreciation continued moderating in June with its slight month-over-month increase, said Mark Fleming, chief economic for CoreLogic, in a statement. The return to moderation is expected to continue throughout the United States and Fleming said it could alleviate concerns over diminishing affordability of homes and the risk of another asset bubble. Even with the moderation, CoreLogic forecasts home prices will to continue to rise in the future, with projections estimating national home prices will increase 5.7 percent from June 2014 to June 2015. The Dallas area should expect slightly greater than a 6 percent increase in the same period. - Dallas Business Journal, August 5, 2014
Posted on: Wed, 06 Aug 2014 18:00:40 +0000
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