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David Woo The Dallas Morning News
I mean, dang! Dallas home prices are up 7.1% from last year overall. Is that not great to hear? Prices of pre-owned homes scooted up a whopping 7.1 percent in February from February 2012, a record increase. Like, the biggest increase since Case Shiller has been keeping records. Talk to the agents, they say North Texas home prices are up about 8 percent over the first three months of 2012, according to the MLS. And many sales are being made outside of the MLS.
Clear Capital, a California-based housing and finance analyst, says we can be downright proud of our market: Dallas-Fort Worth home prices will rise by another 1 percent during the next six months.
Read more on Dallas Housing Market Doing Quite Well, But It’s Still Not Miller Time…
According to giant Moving.com, an online source for moving-related services, millennials love Dallas. Like, a whole lot.
Seems that with the job market so tight and everything pretty sucky once they graduate from college, millennials are shunning NYC and the We$t Coa$t for cities with job growth and affordable housing. And guess what, we have both. The cities topping the millenial-friendly list include number one Dallas; Tallahassee; Athens, Ga.; Phoenix; and Pittsburgh.
Read more on Dallas Most Popular City in U.S. With Generation Y — Millennials…
You must have heard by now that we here in Dallas are not living in sync with the rest of the nation. I had to make a quick trip to Rockford, Ill. over the weekend and was that an eye-opener real estate wise: things just are not moving, values just stuck. So it did not shock me at all that Standard & Poor’s/Case-Shiller Home Price Index came out Tuesday and Dallas is one of seven cities where prices are improving. Like, inching upwards. That would be us, Charlotte, Denver, Detroit, Miami, Minneapolis and Phoenix, the ONLY cities in the 20-city metro composite where the annual rates of return, or home prices, are getting better.
I never thought I’d see the city of my birth blow out Miami and Phoenix when it comes to having the most foreclosures in the nation right now, but Chicago takes the cake. Almost 119,000 homes in foreclosure. The problem: those stubborn banks are not letting go. This, of course, in President Obama’s home town, too…
Read more on Guess Who Has The Biggest Glut of Foreclosures NOW? Chicago!…