Dallas-area home prices are up almost 9 percent in the latest nationwide comparison. Only Seattle and Portland, Ore., had bigger year-over-year price gains in February, according to the latest Standard & Poor's/Case-Shiller Home Price Index. The Dallas area annual home price increase was substantially higher than the nationwide rise of 5.8 percent. Home prices in both Dallas and nationally were at an all-time high in February. "Housing and home prices continue to advance," S&P's David Blitzer said in the report. "Housing's strength and home building are important contributors to the economic recovery. "Housing starts bottomed in March 2009 and, with a few bumps, have advanced over the last eight years." Dallas prices are more than a third higher than they were at the peak of the last housing market in 2007, according to Case-Shiller. Nationwide prices are now about 1 percent ahead of where they were before the recession. With tight inventories of homes on the market, North Texas home prices are continuing to rise at unprecedented rates.
- Dallas Morning News, April 27, 2017