<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=1wPo9v_0vlFfoQz00" alt="https://img.particlenews.com/image.php?url=1wPo9v_0vlFfoQz00" width="758" height="559" ><figcaption>CBSA = core-based statistical area. Courtesy of First American Data &amp; Analytics.</figcaption></figure>Dallas-Plano-Irving home prices rose on a monthly and annual basis in August, according to First American Data &amp; Analytics’ monthly Home Price Index (HPI) report.The HPI for the Metroplex was up 0.6% month over month and 2.3% year over year.Nationally, the HPI was up 0.1% month over month and 4.5% year over year.“Annual house-price appreciation nationally slowed for the eighth consecutive month, inching closer to the pre-pandemic historical average of approximately 3.5%,” said Mark Fleming, chief economist at First American. “Housing demand remains strained under the pressure of elevated mortgage rates and high prices, while for-sale inventory has increased compared to last year. Sluggish demand combined with increasing supply is a recipe for cooling home price appreciation.”The HPI report tracks home–price changes less than four weeks behind real time at the national, state and metropolitan, or core-based statistical area, levels and includes metropolitan price tiers that break up sale transactions into starter–, mid– and luxury-home tiers.In Dallas, the starter and mid tiers were up 1.6% year over year, while the luxury tier was up 4.5%.“Potential first-time home buyers suffer the most from affordability challenges, as they lack the equity from an existing home to bring to the closing table,” Fleming noted. “Yet, first-time home buyer demand appears to be resilient, since annual price growth in the starter-home price tier remained positive in 25 of the top 30 markets we track in August.” </div></body>

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Dallas metro home prices rose monthly, annually in August

Dallas-Plano-Irving home prices rose on a monthly and annual basis in August, according to First American Data & Analytics’ monthly Home Price Index (HPI) report. The HPI for the Metroplex was up 0.6% month over month and 2.3% year over year. Nationally, the HPI was up 0.1% month over...