Dallas home prices see record hike
Local 10.9% increase is the largest ever recorded in the Case-Shiller index.
Nationwide home prices were 12% higher than a year ago.(Vernon Bryant / Staff Photographer)
Dallas-area home prices are growing at the fastest rate ever in a nationwide comparison.
Dallas prices jumped by 10.9% in February the largest gain ever in the closely watched S&P CoreLogic Case-Shiller U.S. National Home Price Index.
The monthly price report tracks residential values in the country’s 20 largest metro areas.
Dallas’ year-over-year gain in the latest report is the largest since Case-Shiller began tracking local residential values.
The nationwide price increase was even greater – up 12% from February 2020 levels and more than 11% higher than the January 2021 index.
Dallas preowned home prices growing at fastest rate ever - Dallas Business Journal
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By Brian Hunt, InvestorPlace CEO
In the wake of the financial crisis of 2007-2008, the U.S. government launched one of the largest stimulus packages in our country’s history.
When it was all said and done, the government spent a total of $2.8 trillion on stimulus and housing crisis relief … all in an effort to prop up industries, save jobs and get people spending again.
That huge sum now seems small when we talk about government stimulus related to the COVID-19 pandemic. As I write this in April 2021, Uncle Sam is on the hook for at least
$5 trillion in spending. Trillions more will likely follow. It’s the largest spending program relative to the size of our economy since World War II.
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