Home prices in Fort Worth-Arlington rose 7.7 percent in November compared to a year ago, according to a report today from CoreLogic, a property information and analytics services provider.
When compared on a month-over-month basis, home prices in Fort Worth-Arlington remained the same in November compared to October.
Home prices nationwide rose 5.5 percent in November, CoreLogic said in its Home Price Index, which is released monthly. On a month-over-month basis, home prices nationwide rose by 0.1 percent in November.
Home prices were up in every state and the District of Columbia in November. Texas was among seven states that reached new highs in prices since CoreLogic began its index in 1976. Twenty-nine other states were at or within 10 percent of their peak in home prices.
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“After decelerating for most of the year, home price growth has been holding firm between a 5-percent and 6-percent growth rate for the last four months," said Sam Khater, CoreLogic’s deputy chief economist. “However, pockets of weakness are clear in Baltimore and Washington D.C., and three of the top four states with the highest price appreciation are energy intensive and had been benefitting from the energy boom which is currently receding as oil prices trend downward. These states–Texas, Colorado and North Dakota, may see some downward pressure on prices in 2015.”
_ Sandra Baker