DALLAS (Dallas Morning News) – Texas home prices have been rising, and a new forecast shows momentum continuing over the next six months.
California-based housing and finance analyst Clear Capital is expecting home price increases in most major housing markets over the next six months.
Dallas-Fort Worth is projected to have a 1 percent increase in prices through March. Houston is expected to fare better with a 2.4 percent increase by the start of spring.
The highest price increases are projected for Seattle (10.8 percent), Phoenix (10.7 percent) and Las Vegas (9.5 percent), cities where values took a major hit during the recession. On the other hand, markets like Milwaukee, Raleigh, N.C., and Memphis are expected to lose about 2.1 percent in value during the next six months.