By Steve Brown
7:24 am on June 3, 2014
Nationwide home prices rose 10.5 percent from last year. (Louis DeLuca/The Dallas Morning News)
Dallas-area home prices are up by 10.4 percent in the latest residential value report by CoreLogic Inc.The Dallas increase compared median home prices in April with April 2013 data.
Dallas was among eight major U.S. cities that CoreLogic reports had double-digit percentage price gains.
The biggest increase was in Riverside, Calif where prices rose 19.7 percent from a year ago.
Nationwide prices were up 10.5 percent in April, according to CoreLogic.
Home prices are continuing to rise as we head into the summer months,” said Anand Nallathambi, president and CEO of CoreLogic. “The purchase market continues to suffer from a dearth of inventory which we expect will continue to drive prices up over the year.”
Reposted by David Christopher & Associates: Dallas’ Luxury Real Estate Resource