Dallas-Fort Worth home prices were up 3% in January 2024 from the prior year. That’s half of the national 6% gain, according to the latest S&P CoreLogic Case-Sh...
It’s the largest annual increase in a year, but prices in Dallas-Fort Worth rose half as fast as they did nationwide.
FILE - A "for sale" sign is posted in front of a home in Sacramento, Calif., March 3, 2022. S&P CoreLogic Case-Shiller Home Price NSA Indexafter bottoming out early last year. The nationwide 6% increase is the fastest annual rate since 2022, S&P’s Brian D. Luke said in the report.Dallas had one of the smallest increases in the 20 major metros that Case-Shiller tracks. Only Denver and Portland, Ore., saw annual prices increase at a lower rate.
“For the second consecutive month, all cities reported increases in annual prices,” Luke said. “On a seasonal adjusted basis, home prices have continued to break through previous all-time highs set last year.”On a monthly basis, home prices continued to struggle at the start of 2024 in the face of elevated borrowing costs. The index report shows D-FW’s prices fell 0.2% from December 2023 to January 2024.
Seventeen of the major markets dropped. Only San Diego, Washington and Los Angeles saw month-over-month increases, according to the index.“While the strain of elevated mortgage rates continued to depress prices, monthly decline slowed from larger declines seen in the previous two months and reflecting improvement in rates from the 2023 fall peak,” said Selma Hepp, chief economist at CoreLogic.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Police in Fort Worth and Dallas Take Different Approaches to Controversial Senate Bill 4 on ImmigrationThe possibility of the highly debated SB 4 becoming law in Texas has local police departments playing the waiting game.
Read more »
Mahler is a test for orchestras in Dallas, Fort Worth and HoustonWithin a mere two months, between January and March, three of Gustav Mahler’s middle symphonies will have been performed by three of Texas’ top orchestras. In, ...
Read more »
How Dallas-Fort Worth fuels the $1 billion cheerleading industryUnderneath the sparkly exterior of dazzling uniforms and the spectacle of athletes performing death-defying stunts in front of sold-out arenas, cheerleading...
Read more »
Warmer weather expected in Dallas-Fort Worth before storms returnThe warming trend in North Texas will continue through the early part of week with expected highs into the 80s by Wednesday, the National Weather Service said.
Read more »
Why Walmart built its next-gen supply chain in Dallas-Fort WorthWith 156 stores locally, North Texas is a ‘fantastic location for us to bring all of the future in one place at one time,’ says Walmart supply chain executive...
Read more »
Barrett Distribution Centers opens second Dallas-Fort Worth facilityA new fulfillment hub from Massachusetts-based Barrett Distribution Centers has opened in Forney and is expected to create 75 jobs.
Read more »