Home Buying Increases in Dallas and Across the Nation

A recent survey conducted by analysts at Credit Suisse found that pricing and home buying figures increased substantially across the nation, according to businessinsider.com. The monthly survey takes into account the responses from real estates agents scattered throughout 40 different markets across the United States. The goal of Credit Suisse’s survey is to gain a monthly perspective of the current housing market.

Credit Suisse analyst, Daniel Oppenheim, is quoted as saying that “the breadth of strength in both pricing and traffic at the start of spring selling season” is “unprecedented in [the] survey’s history (dating back to ’05)” and says real estate agents are “widely citing increased buyer urgency due to the combination of persistent inventory shortages (driving prices higher) and signs of mortgage rates moving higher.”

The results of the monthly survey show that home prices increased in every real estate market surveyed with the price index increasing from 74.6 in January to 79.3, according to business insider.com. The rising home prices in the 40 real estate markets is unprecedented and has never occurred in any other survey conducted. Credit Suisse analysts found that home price increases were especially significant in Denver, Phoenix, Las Vegas, Seattle, Florida, California, Austin and San Antonio.

It was found that home buying has increased substantially as well. Figures for properties that were sold in the last month increased from 59.0 to 65.1. Oppenheim is quoted as saying in that “only Charleston, Orlando, and Tucson failed to meet agents’ expectations, while notable improvement was seen in the formerly-lagging Chicago and New York markets along with Texas markets (Austin,  Dallas, and Houston each increased by at least 14 points).”

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