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08/05/2014

Fort Worth-Arlington area home prices rise again in June

Fort Worth-Arlington home prices rose 8.5 percent in June from a year ago, according to the latest monthly home price report from CoreLogic.

On a month-over-month basis, home prices increased 0.9 percent in June from May.

CoreLogic, a leading property information and analytic provider, said home price nationwide increased 7.5 percent in June, representing 28 months of consecutive year-over-year increases.

On a month-over-month basis, home prices nationwide rose 1 percent in June from May. CoreLogic said it is anticipating home prices rising 0.7 percent from June to July and another 5.7 percent from June to June of next year.

"Home prices are continuing to rise fueled by ongoing tight supply, low rates and aggressive investor buying on the East and West Coasts," said Anand Nallathambi, president and CEO of CoreLogic. "The expected surge in the number of homes for sale has not materialized to date as many homeowners are staying put and waiting for better economic times and higher prices in the future."

_ Sandra Baker

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