Dallas Area Market Trends |
Home price appreciation in the Dallas area and across the country continued to slow in June as more homes were listed for sale. Prices of preowned homes in the area rose 8 percent from a year earlier — the slowest growth rate in 12 months, according to the latest Standard & Poor's/Case-Shiller Home Price Index released Tuesday. Home prices rose an average of 8.1 percent in 20 big cities tracked by Case-Shiller. Prices nationwide were up 6.2 percent in a new monthly index that previously was only published quarterly. Market analysts had expected appreciation to slow after months of double-digit increases. Dallas-area home price gains topped 10 percent earlier this year. Home price gains are a key indicator of economic health, reflecting growing consumer confidence, increased spending, strong job growth and the interstate movement of people. This month, U.S. consumer confidence hit its highest point in nearly seven years, the Conference Board reported Tuesday. "Home price gains