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11/05/2013

Fort Worth-Arlington home prices rise 5.3 percent in September in market report

Fort Worth-Arlington home prices rose 5.3 percent in September, according to CoreLogic’s monthly Home Price Index released Tuesday.

The figure includes the sale of distressed properties.

When that number is removed, home prices locally rose 8.9 percent in September, compared to a year ago.

Home prices nationwide increased 12 percent in September, the 19th straight month of year-over-year price increase, CoreLogic said.

Excluding distressed sales, home prices nationwide increased 10.8 percent in September.

"September marked the unofficial five-year anniversary of the start of the housing crisis," said  Mark Fleming, CoreLogic’s chief economist. "The five-year home price appreciation for all homes in the nation was 3.4 percent. While there is still room for improvement, the CoreLogic Home Price Index is at the highest level since May 2008."

_ Sandra Baker

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