Despite the woes the pandemic has brought to a multitude of sectors, housing sales in Dallas are on the rise according to a Dallas Morning News article from November 24th. In it they say:
“Dallas-area home prices grew at the fastest rate in more than three years in the latest nationwide comparison. Dallas prices were up 4.9% from a year earlier in September in the latest Standard & Poor’s CoreLogic Case-Shiller Home Price Index. Nationally, prices were 7% higher than in September 2019 — the largest such increase since 2014. Home prices in North Texas and across the country have seen significant gains as demand for houses has risen, even with the pandemic.”
In fact, Texas has just set a record for million-dollar home sales according to a Dallas Morning News article published on December 17th. In it they say:
“This year’s housing boom has also brought a surge in luxury home sales. Real estate agents sold a record $10.3 billion in Texas million-dollar houses in the 12 months ending in November, according to a new report from the Texas Realtors association. That was an almost 24% jump in million-dollar home sales compared with last year.”
Maybe the surge of uncertainty 2020 has brought has pushed more people to invest in long-term assets while they have the means to do so.
