In a similar study a year ago, Arch Mortgage red-flagged Dallas as one of the most overvalued housing markets in the country. And in 2015, the Dallas area had more than a 30 percent chance of home.
While the local increase was slightly larger than the nationwide gain, it was the smallest percentage price rise for Dallas home values in almost five years, according to the Standard &.
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North Texas home prices hit an all-time high in June as real estate. "The fortunate news is these higher prices are coming at a time when we are seeing mortgage rates back down to rock bottom.
Neighborhoods of million-dollar homes are growing across the country The slowdown in North Texas home purchases this year comes as home mortgage costs have risen to the highest level in seven years.
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After years of booming sales, two-thirds of Dallas-area residential districts saw a dip in home purchases in 2018. Higher mortgage rates and a sparse. according to data from the Real Estate Center.
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Home prices in the state of Texas have been steadily increasing since 2012, Adjustable-rate mortgages, also called ARM loans, have interest rates that can.
most agree that the big surge in home loan defaults has passed. “The main thrust of foreclosures is probably behind us,” said James Gaines, an economist with the Real Estate Center at Texas A&M.