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Home price increases slowed in May, according to the latest S&P/Case-Shiller Home Price Indices released today.
It’s the second report this week to suggest a slowdown in the real estate market nationally. On July 28, the National Association of Realtors said the number of pending sales of existing homes slowed a bit in June, after three months of increases nationally.
According to Case-Shiller, home prices in each of the 20 cities it studies increased. But those increases were down by more than 1 percent on average. In Dallas, homes prices were up 1.3 percent in May over April, and up 8.6 percent year over year.
Agents with Briggs Freeman Sotheby’s International Realty, in expert interviews appearing in the Dallas Business Journal, have predicted a robust year for the North Texas real estate market, with a stabilizing of home prices. The Case-Shiller numbers appear to bear that out so far this year.
Case-Shiller notes that, even with a slowdown in home price increases, Dallas continues to set new peaks.
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For more luxury homes, see briggsfreeman.com. Click here to see the latest in real estate news. CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty with six offices in Dallas, Uptown, Lakewood, Ranch and Land, The Ballpark and Southlake.