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2014-07-01 13:18:21
Dallas Area Home Prices

CoreLogic: Dallas-area home prices up 8.7 percent in May

 

 

By Steve Brown

stevebrown@dallasnews.com 12:55 pm on July 1, 2014 | Permalink

 

 

Dallas-area home prices were up 8.7 percent in May. (Steve Brown)

Dallas-area home prices rose 8.7 percent in May from a year ago, according to a new report by CoreLogic Inc.

The Dallas increase was close to the 8.8 percent nationwide annual home price rise that CoreLogic analysts recorded in May.

The biggest home price gains were in Riverside, Calif., (18.2 percent) and Los Angeles (13.4 percent).

Houston prices jumped by 13 percent during the one-year period.

“Home prices are continuing to climb across most of the country which has both positive and negative implications for the housing market,” CoreLogic CEO Anand Nallathambi said in a statement. “While the rapid rise in prices over the past two years has lifted many homeowners out of negative equity, it has also become a negative factor in buying decisions for prospective purchasers weighing affordability concerns.

“As we move ahead, a moderation in home price increases over the next twelve months should help cool things down a bit and keep the housing recovery going.”

 
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