Report: Dallas housing values set to rise

Posted by Emily Ray-Porter Group on Tuesday, September 28th, 2010 at 11:55am.

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.

The report predicts that good performances from Houston, Dallas and Amarillo will help the state of Texas lead the nation in terms of home price appreciation over the next 12 months. Meanwhile, Florida home markets continue to struggle as the state placed four metro areas in the rankings of the five projected weakest markets led by Port St. Lucie /Fort Pierce, which is projected to show a 7.2 percent price depreciation.


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