Home Prices for Dallas-Plano-Irving are projected to increase in the coming years, according to Local Market Monitor.

Home Prices for Dallas-Plano-Irving are projected to increase in the coming years, according to Local Market Monitor.

Sure, economists are saying that the Dallas-Fort Worth area have posted new gains in 2014, and that home price growth for the North Texas metro areas is projected to increase in 2015 to the tune of 9 to 11 percent, but more and more people are starting to take a closer look at those numbers and see that, while it’s good news overall, home prices need to be viewed with greater local perspective. Afterall, the MSA that includes Dallas — Dallas-Plano-Irving — is vast and diverse. The same can be said for the Fort Worth MSA — Fort Worth-Arlington.

So, while we are encouraged to see both Local Market Monitor and CoreLogic give glowing reviews of the Dallas area and Texas as a whole, we need to get more specific data to get a clearer picture of home prices, home values, and where you can buy a property that will actually appraise. After all, real estate isn’t just local, it’s hyper-local.

In the Fort Worth-Arlington MSA, home prices will have a year-over-year boost of 9 percent, according to Local Market Monitor.

In the Fort Worth-Arlington MSA, home prices will have a year-over-year boost of 9 percent, according to Local Market Monitor.

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