DFW residential real estate » Market news » Market fundamentals
DFW Housing Market News and Trends
| THIS JUST MAY BE "THINGS THAT CAN'T GO ON FOREVER, WON'T" NEWS: Dallas Still In Top Three For Home Price Gains. |
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Dallas Morning News, June 27, 2017 (excerpts). Seattle, Portland and Dallas are leading the country in home price gains since last spring, with no slowdown in sight. Dallas-area home prices rose 8.4 percent in the latest Standard & Poor's/Case-Shiller Home Price Index. Nationwide, prices in April were 5.5 percent higher from a year earlier. "As home prices continue rising faster than inflation, two questions are being asked: why? And, could this be a bubble?" S&P's David M. Blitzer said in the report. "The question is not if home prices can climb without any limit; they can't. Rather, will home price gains gently slow or will they crash and take the economy down with them? For the moment, conditions appear favorable for avoiding a crash." |
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That is what was happening in April. The vibe I'm picking up more recently is that buyer push-back on ever increasing home prices is growing. |
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Posted on Tuesday, June 29th, 2017 at 12:34 pm by H. David Ballinger |
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