According to a Zillow report, Dallas- Fort Worth is one of the top three cities in the US to see the fastest home appreciation in January.
Nashville and Portland were the other cities in this category with DFW. Prices gains range from 11.2%- 12.1% compared to nation wide home prices at a 7.2% gain year over year. This is a huge jump for the DFW home market!
"We spend a lot of time focusing on the West Coast, but power-house markets exist throughout the country," Zillow Chief Economist Dr. Svenja Gudell said in the new report. "Florida and Texas home values have grown quite a bit over the past several years, stealing the spotlight from slower moving markets like San Francisco, San Jose and Los Angeles.
"Despite recent increases in the national pace of home value appreciation, I expect a nationwide slowdown in 2017 as some headwinds begin blowing in, including increasing mortgage rates and worsening affordability."
North Texas home prices are at record levels right now. Check out the picture below by Zillow for median home prices.
For all your DFW real estate needs, Cmiles@chastinjmiles.com
Author:Chastin J. Miles Phone: 214-586-0096 Dated: March 2nd 2017 Views: 139 About Chastin J.: Chastin J. Miles is a full-service Real Estate agent specializing in Dallas real estate, lifestyle m...
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