Existing Home Sales Prices Highest in 5 Years

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Article From the “Robbie Report”

Total existing home sales in 2012 were the highest in five years, while the annual price rose the most since 2005, according to a new report by the National Association of Realtors.

Limited inventory helped maintain the upward momentum in home prices, the report said.

The Dallas region’s real estate market has showed a continual climb throughout 2012, opening up opportunities for homeowners throughout the area. (For details, see the latest edition of “The Robbie Report,” by Robbie Briggs.

“The housing market is coming back, gaining momentum, and it’s one of the bright spots for the economy as we start 2013,” Robert Dye, chief economist at Comerica Inc. in Dallas, told Bloomberg News in advance of the National Association of Realtors release.

On the premier measure of U.S. home prices – the S&P/Case-Shiller Home Price Indices – the Dallas-Fort Worth Metroplex market remained a steady performer, showing seasonally adjusted, positive gains.

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