Dallas home prices
Last column, I wrote about how single-family home construction is finally getting back on track after the deficit of building during and post-Recession. But it still hasn’t built enough of the right product to drop prices. Now let’s look at multifamily construction, a place designed for younger buyers not ready for pastoral lives in the…
Read MoreWith home prices soaring in Dallas, many buyers wonder what it would cost to live in other cities. Turns out, inventory is tight around the nation, not just in North Texas. In Dallas, the average home price is $230,500, a year-over-year increase of 9.76 percent, according to HSH.com. The means you need an annual salary of $53,824 to buy…
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Here we go again: CoreLogic’s latest HPI report is telling us what our boots-on-the-ground Realtor sources already know. Fewer homes on the market has meant higher-than-average home price appreciation ahead of one of the most brisk times of year for Dallas-area Realtors. The spring selling season has been filled with cold calls and pleas from…
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Case-Shiller’s recent Dec.2014 report shows home prices inching even further skyward, with an increase of 7.5 percent year-over-year, topping the national average of 4.5 percent by a healthy margin. Shrinking inventory is to blame, but one must wonder if supply will ever catch up at this rate. “As long as we have a tight…
Read MoreStrong economic factors, job gains, and population increases have experts predicting strong growth in North Texas home prices in 2015, and a 35 percent increase in home prices over the next three years in the Dallas-Plano-Irving areas. Local Market Monitor, Inc. released its December 2014 local market reports for North Texas, looking at factors like jobs, migration, housing…
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