TRENDING TO STABILITY Recent indicators in the Dallas/Fort Worth and North Texas residential real estate market reveal a trend toward market stability. The wide swings in home sales and property values seen during the past recession and recent housing recovery appear to be moderating. D/FW area home prices were up in January according to Standard & Poors Case/Shiller Home Price Index, but the number of homes sold had fallen by about 2 percent from the previous year by March. S & Ps David M. Blitzer, quoted in a recent Dallas Morning News article says, Although most analysts do not expect the same rapid increases we saw last year, the consensus is for moderating gains (in 2014). Dallas area home prices have leveled off almost 5% ahead of where they were before the recession. Adding further stability to the market, area foreclosure postings declined to the lowest level they have been in the past decade, according to Foreclosure Listing Service.
Posted on: Sat, 12 Apr 2014 13:30:01 +0000
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