Dallas ranks second behind Houston as one of the U.S. cities where home prices are expected to rise the most over the course of the next year.
A new report by Veros Real Estate Solutions says Dallas and Amarillo ranked second and third, respectively, behind Houston in the forecast of the nation’s projected five strongest markets. Texas cities overall received favorable ratings. Beaumont/Port Arthur ranked No. 7.
Dallas and Amarillo home prices are expected to rise 2.7 percent. Beaumont/Port Arthur’s projected price appreciation over the next year is 2.3 percent.
“Texas is looking strong, with four of the top 10 markets in the appreciation forecast,” said Eric Fox, Veros’ vice president of statistical and economic modeling, in a statement.