Fort Worth-Arlington home prices rose 9 percent in February from a year ago, according to the latest CoreLogic Home Price Index.
On a month-over-month basis, home prices, including distressed sales, rose 0.7 percent in February from January.
Excluding distressed sales, Fort Worth-Arlington home prices rose 7.5 percent in February from a year ago, and decreased by 0.1 percent from January.
Nationwide, home prices, including distressed sales rose 12.2 percent in February, representing 24 months of consecutive year-over-year increases. Texas was among 14 states with double digit year-over-year growth, rising 10.2 percent, a new home price high, CoreLogic said.
“February marks two straight years of year-over-year gains in national prices across the United States," said Anand Nallathambi, president and CEO of CoreLogic, in a statement. "The consistent upward movement in home prices should ultimately prove to be an important stimulant for higher levels of sustained market activity and growth in the housing economy."
_ Sandra Baker