Dallas-Fort Worth recorded the smallest annual increase in home prices since 2012 as higher mortgage rates put a pause on deals for many potential buyers....
A for sale sign sits in the yard of a home in Northeast Dallas on Monday, April 17, 2023. Typical single-family home prices in the region were up just 2% in February from a year before, according to the latest reading of the S&P CoreLogic Case-Shiller Index.Dallas-Fort Worth recorded the smallest annual increase in home prices since 2012 as higher mortgage rates put a pause on deals for many potential buyers. But a strong spring selling season could put an end to the slump in activity.
Typical single-family home prices in the region were up just 2% in February from a year before, according to thereleased Tuesday. Area prices peaked in June 2022 and have since fallen 8.5%. The Case-Shiller index is a three-month moving average that compares sales-price changes of specific properties over time. While it is a couple of months behind current market conditions, the index’s price estimate is considered more accurate than home sales data from agents, which can be influenced by the type of properties that are selling each month.
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