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Dallas-area home price gains in April lagged the national increase.
Local home prices were 6.6 percent higher than in April 2017, according to the latest report by CoreLogic.
That’s less than the national average annual price gain of 6.9 percent.
And it’s much less than the double-digit percentage home price increases North Texas saw a year ago.
CoreLogic analysts forecast that nationwide home prices will grow by about 5.3 percent in the coming year.
"The best antidote for rising home prices is additional supply," Dr. Frank Nothaft, chief economist for CoreLogic, said in the report. "New construction has failed to keep up with and meet new housing growth or replace existing inventory.
"More construction of for-sale and rental housing will alleviate housing cost pressures."
The biggest year-over-year home price increases in April were in San Francisco and Las Vegas where prices rose 12.3 percent.
Denver-area prices were up almost 9 percent.
North Texas home values – while increasing at a slower rate – are still at an all-time high.
And Dallas-Fort Worth prices have jumped by more than 40 percent in the last four years, local research shows.