The North Texas housing market is returning closer to pre-pandemic levels of price growth.
Dallas-Fort Worth home prices rose 16.3% from September 2021 to 2022 but declined in recent months, according to the latest reading of the. From August to September, area home prices declined 2.1%. Local home prices peaked in June and have since declined about 4.4%, the index shows.
All 20 cities tracked by the Case-Shiller index saw lower price increases in September than they did in August. Miami, Tampa, Fla., and Charlotte, N.C., still saw the highest year-over-year price gains, followed by Atlanta and D-FW. The average rate for a 30-year fixed-rate mortgage in September climbed from about 5.7% to almost 7%, according to Freddie Mac. Itpushed away first-time homebuyers
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