DFW continues to grow at record-setting rates!
Dallas-area home prices were up 8.7 percent in July from 2014 levels, according to a new Standard & Poor’s/Case Shiller Home Price Index.
Year-over-year home price gains in this area were third highest in the country, behind only San Francisco and Denver, according to the closely watched monthly home price report.
“Prices of existing homes and housing overall are seeing strong growth and contributing to recent solid growth for the economy,” S&P’s David M. Blitzer said in the report.
The booming economy in North Texas has put the pinch on homebuyers, analysts say.
“We have job growth of over 100,000 a year,” said David Brown with housing analyst Metrostudy Inc. “Traditionally, you build a new house for every two new jobs.
Read more on the Dallas Morning News