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Dallas home prices on the rise

Posted: Mar. 6th, 2013  |  By Michael Pearse
Dallas Home
Louis DeLuca/Dallas News

After the economy took a turn for the worst it seems to finally be rebounding for Dallas as their home prices rose by 6.5 percent. This is considered to be the largest local increase in the last 12 years, but ultimately they where bellow the national average which was at 7.3 percent increase.

Dallas-area home prices rose by 6.5 percent in the latest Standard & Poors/Case-Shiller Home Price Index.

The price gain in December from a year earlier was the largest local increase in the survey in 12 years.

And the increase marked the 10th month in a row of higher Dallas-area home prices in the monthly report.

Nationwide prices were up 7.3 percent in the Case-Shiller survey.

“Home prices ended 2012 with solid gains,” S&P’s David M. Blitzer said in the report. “Dallas, Denver, and Minneapolis recorded their largest annual increases since 2001.

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