29 Aug Seattle, Portland and Dallas are seeing the country’s greatest home price gains
Dallas-area home prices rose by almost 8 percent from a year ago in the latest nationwide comparison.
Dallas’ 7.7 percent annual home price gain put the area with Seattle and Portland as the U.S. markets with the greatest home value growth, according to the latest Standard & Poor’s/Case-Shiller Home Price Index.
Nationwide prices were 5.8 percent higher in June than in the same month last year.
“The trend of increasing home prices is continuing,” S&P’s David M. Blitzer said in the new report. “Price increases are supported by a tight housing market.
“Both the number of homes for sale and the number of days a house is on the market have declined for four to five years,” he said. “In addition, housing starts remain below their pre-financial crisis peak as new home sales have not recovered as fast as existing home sales.”
Home prices across the country in the Case-Shiller index were at an all-time high in June.
The biggest annual increases were in Seattle, up 13.4 percent, and Portland, which was 8.2 percent higher than in June 2016.
Dallas-area home prices were at a record level in the closely-watched home price measure.
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