Tuesday, February 12, 2013

Dallas - Fort Worth Home Prices Rise 7.5%.

Updated 3/2/2 home in Lakewood Elementary. See more at 6541Patrick.com.
By Troy Corman, t2 Real Estate

The Dallas Morning News' Steve Brown reported this morning that Dallas - Fort Worth home prices rose 7.5% in 2012, making up losses during the recession. Last year's median price of single family homes in the Dallas - Fort Worth metro, averaged $159,300, quite a jump from the 2009 low of $140,500.

Nationwide, home sales in 2012 were up 10%, led by big gains in cities on the left coast. Low interest rates with very few homes for sale continue to push prices even higher in early 2013. With the bond market beginning to signal higher interest rates on the horizon, look for more buyers to get off the fence if the ultra-low mortgage rates continue to tick upward. This would likely fuel even more demand and higher prices going forward in 2013. As always, time will tell!

Troy Corman is the founder of t2 Real Estate LLC, a Dallas real estate firm providing specialized knowledge with a hands-on approach. Specialties include residential real estate brokerage, land and acreage, and commercial real estate services. Contact us today at 214.827.1200 if you need to sell, buy or get your DFW property leased.

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