Tuesday, September 4, 2012

Dallas-area home prices show more strong gains - Dallas Morning News (blog)

Nationwide home prices rose by the greatest amount in July in six years. (AP)

Another report on nationwide home prices has strong numbers for the Dallas area.
In July, Dallas-area home prices were up 3.8 percent from a year earlier, according to a Tuesday report from researchers at CoreLogic Inc.
And excluding distressed property sales â€" homes that were previously foreclosed or sold at a loss â€" local home prices are 7.2 percent higher than a year ago, the housing and finance information firm reports.
The CoreLogic report comes just a week after the Standard & Poor’s/Case-Shiller Home Price Index showed that Dallas area home prices were up 3.7 percent from last year.
Nationwide home prices were also up 3.8 percent in July â€" the biggest jump since 2006, CoreLogic reports.
“It’s been six years since the housing market last experienced the gains that we saw in July, with indications the summer will finish up on a strong note,” said Anand Nallathambi, president and CEO of CoreLogic. “Although we expect some slowing in price gains over the balance of 2012, we are clearly seeing the light at the end of a very long tunnel.”

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