CoreLogic: Home Prices Projected to Increase Nearly 5% in 2017

Posted by Kenneth G. Cox on Saturday, February 4th, 2017 at 3:59pm

According to new numbers from CoreLogic, DFW area home prices jumped by another 8.5% in December, putting our market’s year-over-year gain ahead of the nationwide increase of 7.2%. 

But even with the most recent spike in Dallas area home prices, Denver saw the highest year-over-year jump of any major market in the country, registering a 9.9% increase from December 2015 to December 2016. 

Analysts at CoreLogic are projecting home prices around the country to jump another 4.7% in 2017, an increase that will largely be fueled by a lack of inventory and increased demand—two factors that we’re all too familiar with here in the Dallas-Fort Worth area.  

Locally, home prices have officially reached all-time highs throughout the North Texas region, increasing by a jaw-dropping 40% over the last four years. 

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