Look! Prices Still Increased in Dallas Area
January 2, 2019
Look! Prices Still Increased in Dallas Area
Dallas-area home price gains slightly outperformed the national average in November.
Dallas home prices rose 5.3 percent from November 2017 levels while the U.S. price increase was 5.1 percent, CoreLogic reports.
CoreLogic is forecasting that nationwide home prices will grow less than 5 percent in the year ahead.
"The rise in mortgage rates has dampened buyer demand and slowed home-price growth," Dr. Frank Nothaft, chief economist for CoreLogic, said in the report. "Interest rates for new 30-year fixed-rate loans averaged 4.9 percent during November, the highest monthly average since February 2011...
