Home Prices Rising Nationwide
Posted August 15th, 2012 | by The Update
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.