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11/04/2014

Area home price increases in September outpace nationwide figure

Fort Worth-Arlington home prices increased 7.4 percent in September from a year ago, nearly 2 percentage points higher than home prices nationwide, according to the latest monthly market report from CoreLogic.

Texas home prices rose 8 percent in September, recording a new high for the month. Texas was among Colorado, Nebraska, North Dakota and South Dakota to report new highs in home prices.

U.S. home prices rose 5.6 percent from a year ago, which marks 31 consecutive months of year-over-year increases, CoreLogic said.

In September, though, the number of lower priced homes was up 9.4 percent, but higher-priced homes were up only 4.5 percent, signaling a change in the market, CoreLogic said.

“Home prices continue to rise compared with this time last year, but the rate of growth is clearly slowing as we exit 2014,” said Anand Nallathambi, CoreLogic’s president and CEO, in a statement. “With more positive macro-economic trends emerging in the U.S., we are forecasting moderate price growth for 2015.”

_ Sandra Baker

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