Fort Worth-Arlington existing home prices up 8.7 percent in April
Fort Worth-Arlington existing home prices increased 8.7 percent in April compared to a year ago, according to the latest CoreLogic market report released today.
On a month-over-month basis, local home prices increased by 1.4 percent in April from March, CoreLogic said.
Nationwide, home prices increased 10.5 percent in April, representing 26 months of consecutive year-over-year increases, CoreLogic said.
“Home prices are continuing to rise as we head into the summer months,” said Anand Nallathambi, CoreLogic’s president and CEO. “The purchase market continues to suffer from a dearth of inventory which we expect will continue to drive prices up over the year.”
_ Sandra Baker