Dallas-Area Home Prices Hit Record High


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Dallas-area home prices hit a record high in the latest Standard & Poor’s/Case-Shiller Home Price Index.

According to the report released earlier this week, local home prices were up 10 percent in March from a year earlier. March marks the fourth-consecutive month that Dallas-area home prices increased at a double-digit rate from the previous year. Prices were up 1.2 percent over February.

Nationwide, prices were up 10.3 percent from 2013.

“All cities were higher than a year ago and all but New York were higher in March than in February,” said S&P’s David Blitzer. “However, only Denver and Dallas have set new post-crisis highs and they experienced relatively lower peak levels than other cities.”

Dallas-area home prices are now 6 percent higher than they were at the previous peak of the market back in 2007. Nationwide, prices are still almost 20 percent below where they were before the recession.

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