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Dallas Area Home Prices Set New Record In June

Dallas-area home prices rose by a record 8 percent in the newest Standard & Poor’s/Case-Shiller Home Price Index. The increase in June from the previous year was the largest ever recorded for Dallas.

Dallas-area prices are now approximately 3 percent higher than they were at the peak of the market in June 2007. Area home prices have gained more than 15 percent in value from where they were at the worst of the recession in early 2009.

Nationwide, prices were up 10.1 percent in the Case-Shiller Home Price Index. Some markets saw even higher gains, with Las Vegas up 24.9 percent and San Francisco up 24.5 percent.

Despite the big gains in June, researchers expect that soaring home prices will begin to level off soon.

“National home prices rose more than 10 percent annually in each of the last two quarters,” S&P’s David M. Blitzer said in the report. “However, the monthly city by city data show the pace of price increases is moderating.

Nationwide, home prices in the Case-Shiller index are still approximately 23 percent below where they were before the recession.

12 Comments to Dallas Area Home Prices Set New Record In June:

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rent house makati on Tuesday, September 17, 2013 10:55 PM
wow, that was huge... I hope people can afford it also and we have a win win situation.
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Affordable housing in Australia on Friday, September 27, 2013 7:00 AM
As property rates are increasing,the house rates are also in a rise and this time they make a new record.This is not a good news for the person who were planning to buy new home.
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Fast House Sale in London on Tuesday, October 01, 2013 1:05 AM
The entire info about the house prices is amazing. I am agree with you that with the time property rates are increasing day by day.
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silica aerogel insulation on Sunday, December 15, 2013 2:40 PM
These numbers reflect conditions earlier in the year when we were in a frenzy,” said David Brown, who heads the Dallas office of housing analyst Metrostudy Inc.

Serviced offices in Edinburgh on Friday, October 11, 2013 2:35 AM
Its nice to here about apartment vacancy rates falls in the Dallas and the rent and home prices are rises day by day. So I think people have to think about that.
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Landscapers Brisbane on Wednesday, October 23, 2013 3:22 AM
Thank you so much for awaring us about the price rate of the property in the month of June.It is not so good for the people who wants to buy a home that Dallas-area prices are now 3 percent higher.
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Furnished Apartments for Rent in Sydney on Thursday, October 24, 2013 3:43 AM
Your information for Dallas area home prices is really awesome and I glad to have your post. I got many important points from your post and want to thank you for this. I must say you have done fab job.
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It is expected to show that some firms make giant profits at the expense of loyal customers – an issue that The Daily Telegraph has highlighted.
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Nifty Option Tips on Thursday, June 05, 2014 4:06 AM
This is a new record to make investment in the real estate and get it with a good value so as to save the money further.
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