Texas Fifth Nationally In Home Price Appreciation
COLLEGE STATION (Real Estate Center) – Texas ranked fifth nationally in home price appreciation for April, according to CoreLogic’s latest home price index report. At the city level, two Texas metros topped the list.
Statewide, prices appreciated 8.3 percent year over year, putting Texas behind South Carolina (11.4 percent), Colorado (9.7 percent), Washington (9.1 percent) and Florida (9 percent). Data includes distressed sales.
Meanwhile, Dallas-Plano-Irving topped U.S. metros in price appreciation with a 10.3 percent year-over-year increase (including distressed properties). Houston-The Woodlands-Sugar Land was right behind at 9.5 percent. Los Angeles-Long Beach-Glendale ranked third with 7.8 percent.
“Data continues to indicate a strong housing market in Texas and the state’s major metros despite the decline in oil prices,” said Real Estate Center Research Economist Dr. Jim Gaines. “The tight inventory and constrained new construction relative to demand buoy prices to increasingly higher levels.”
This article originally published on by the Real Estate Center Online, Texas A&M University, and reprinted here through a news partnership between RECON and Corridor News.
