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10/30/2013

Fort Worth home prices to increase 6.5 percent by June 2014

Fort Worth home prices are expected to rise 7.5 percent by the second quarter of 2014, according to CoreLogic, a provider of residential property information and analytics.

Fort Worth home prices rose 6.3 percent in the second quarter from a year ago, CoreLogic said.

Nationwide, home prices increased 10.1 percent in the second quarter. They are expected to be 16 percent above the trough in the fourth quarter of 2011 by the end of June 2014, CoreLogic said.

Price appreciation is projected to slow to 5.4 percent across all markets by the beginning of 2014, CoreLogic said.

“Prices are now rising in nearly 90 percent of metro areas, and in all metro areas with populations greater than 1 million," said  David Stiff, economist for CoreLogic Case-Shiller. "The strongest growth continues to be recorded in cities that were at the center of the housing bubble, but investor demand in those markets appears to be waning, meaning rapid rates of price appreciation are likely unsustainable."

_ Sandra Baker

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