New Real Estate Heights
Dallas home prices continue to rise as city posts record real estate gains
Following a national trend, Dallas area home prices continue to climb. The latest report from Standard & Poor's/Case-Shiller Home Price Index shows a 7.4 percent increase in local home prices from 2012.
Dallas is also one of 13 cities in the index that posted a monthly increase of more than 2 percentage points from March to April.
"The recovery is definitely broad based," S&P's David M. Blitzer said in a statement. "The two composites showed the largest year-over-year gains in seven years."
The S&P/Case-Shiller Index looks at home prices in 20-city and 10-city composites to measure the real estate temperature across America.
Nationwide, home prices are up 12.1 percent, bringing average home prices across the United States back to their early 2004 levels. Prices have now been on the rise for 14 straight months, and Atlanta, Dallas, Detroit and Minneapolis posted their highest annual gains since the start of their respective indices.