Home Prices Rise 4% in Dallas
Mar 30
Standard & Poor/Case-Schiller released the latest Home Price Index, which measures price activity in 20 U.S. cities. According to BusinessWeek, the “housing market is stabilizing as the economy expands.”
The Up blog readily reports that Dallas’ home prices are up. The Dallas area boasts the third best year-over-year home price increase, following San Francisco and San Diego. North Texas’ prices have been rising for the past few months, but the latest 4% increase is the greatest increase since November 2009.
Across the nation, the year-over-year home prices saw the smallest annual decline (0.7%) in almost three years, and were still 4% higher than May 2009’s bottom. While six of the 20 cities improved since January 2009, month-to-month measurements continued to fall in 12 cities such as Las Vegas and Tampa. The overall average was a 0.3% increase from December to January.
Another report shows that consumer confidence strengthened from 46.4 in February to 52.5 in March.
To read more about the local data, visit Steve Brown’s report at dallasnews.com. For a national overview of the data, visit businessweek.com.
