Tag Archives: Home Values
It’s something that Candy is working hard to ingrain upon me, but I’m sure you all know this by heart: Real estate is a local story.
So when I read the newest Housing Price Index report from CoreLogic yesterday, I’ll be honest, I kind of yawned. Continue reading
The good news is that home prices rose for a fourth straight month in most major U.S. cities in July, from June, no shocker because we’ve just emerged from the busiest buying season. And that includes Dallas — a whole point (.3) 3%. The bad news is that when you look at last year, home prices are still trending downward, even in Dallas. Experts are warning us, no duh, the housing market remains precarious and depressed. (And unemployment! And Dodd-Frank!) Prices are expected to decline more in the coming months. So if you are shopping for a home, get ready, get set, dive in now.
Texas Realtors are getting more optimistic. According to one of my favorite sources, HomeGain, three quarters of Texas real estate professionals and homeowners expect home prices (in Texas) to rise or stay the same in the coming six months. That’s pretty good news and the most positive they’ve been in awhile.
Sales of existing single-family homes in North Texas slid 11 percent in January, or so everyone is reporting, but here’s the good news: the median home price rose 8 percent, this from the Texas A&M Real Estate Center said Tuesday.I think we need to keep our eye on that ball.