U.S. home prices saw their first annual decrease since 2012 in April, while Dallas-Fort Worth prices saw their second, according to the latest reading of the...
In March, Dallas-Fort Worth prices saw theirOf the cities that appear in the Case-Shiller index, Miami, Chicago and Atlanta saw the biggest year-over-year gains in April, with Dallas-Fort Worth in the middle of the pack. But no market surpassed 6%.
While it is a couple of months behind current market conditions — with April’s data reflecting purchases made at the start of the year — the index’s price estimate is considered more accurate than data from agents, which can be influenced by the type of properties that are selling each month.in median single-family home prices to $412,500 in May, according to the Texas Real Estate Research Center at Texas A&M University and North Texas Real Estate Information Systems.
“Whether we see further support for that view in coming months will depend on how well the market navigates the challenges posed by current mortgage rates and the continuing possibility of economic weakness.”Selma Hepp, chief economist for CoreLogic, said the month-over-month gain in U.S. home prices suggests homebuying conditions and prices are heating up in many markets again.
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