DFW: Area home prices rose 2.7% in September, according to CoreLogic. Austin prices were up 4.85% and Ft. Worth up 3.3%. Through the first nine months of 2019, median single-family home prices are up 2%. CoreLogic forecasts nationwide prices will rise 5.6% in 2020. Only one-in-five millennials say buying a home is affordable, while 42% of older millennials, up to age 38, say they spent more on their home purchase than expected —on average, $383,000 with 16% down, and using retirement accounts for 7% of that figure.
Read the November 8th Allmanac for the latest news in Dallas real estate!
November 8, 2019