A
recent report by Residential Strategies, Inc. underscored the continuing strong
demand for homes. For the first quarter, 2014, the median new home
price in DFW was up 8.0% from the first quarter 2013.
Job
growth is a leading economic indicator affecting the housing market. For the 12 month period ending
February, 2014, the job growth rate for the DFW area was 2.7% compared with the national average
of 1.5%.
The Texas
A&M Real Estate Center shows an increase of 16% in existing home sales
compared with a year ago (February,
2013). With the tight housing supply,
area prices have continued to rise.
According to S&P Case-Schiller, year-over-year prices in Dallas for
January, 2014, were up 10.0%.
That's still
plenty of good news for home buyers and sellers alike.
