Home Prices Rising Nationwide

From the Dallas Business Journal: The price of Dallas-Fort Worth area existing single-family homes has risen 7.6 percent year-over-year by the second quarter of 2012, according to the National Association of Realtors.

The increase in homes prices is attributable to a lack on inventory in the housing market, especially homes in lower price ranges, according the industry group’s second quarter report.

And it wasn’t just Dallas-Fort Worth, the median existing single-family home prices rose in 110 out of the 147 metro areas throughout the United States. This is a stark contrast to the same time last year when there were only 41 metro areas showing gains in home prices, according to the report.

Click here to read the full article. Visit briggsfreeman.com to find top realtors who can help you navigate today’s real estate market.

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