Case-Shiller: Dallas-area December home price gains the largest in almost 2 years

Dallas-area home prices posted another lofty gain in the latest nationwide comparison.

Dallas prices were up 9.6 percent in December from a year earlier in the Standard & Poor’s/Case-Shiller Home Price Index released Tuesday.

The local home price rise was among the five largest such increases in the country and was almost twice the nationwide gain of 5.4 percent.

Read More Here on The Dallas Morning News

Dallas-Fort Worth housing market shatters records with $24B in sales by year end

Dallas-Fort Worth’s strong housing market shows no signs of slowing — despite expanded lending regulations— with analysts expecting the region’s home sales to reach $24 billion by the end of the year.

That would more than double the market’s sales volume in four years.

“We were ecstatic when the market reached $11 billion at the end of 2011,” said MetroTex President Steve Habgood, in a statement. “This year, we reached $22.7 billion by the end of November and could conceivably reach $24 billion for the year.”

North Texas’ condo sales have also done well this year and have already topped a billion dollars for the year, he added.

Read more on the Dallas Business Journal

$850 million residential community coming west of Fort Worth

Developers say they have received final approvals for a huge new residential community being built on Fort Worth’s west side.

The $850 million, 700-acre Morningstar development is being built north of Interstate 20 in Aledo.

More than 2,000 houses are planned in the project which is just starting construction.

The first homes in Morningstar – priced from the mid-$200,000s to the mid-$400,000s – will be ready next year.

Read more on the Dallas Morning News

North Texas housing market is hot, but analysts say it’s no bubble

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

Housing shortage puts the pinch on Dallas-area homebuyers

In some Dallas neighborhoods, buying a house is as frenzied as shopping the day after Thanksgiving.To get a deal, you often have to be in line when the doors open.

The number of preowned homes for sale in the Dallas area this spring is at a more-than-20-year low.

And supplies of new houses on the market are a fourth of what they were before the recession.

Read More Here on The Dallas Morning News