The decline in Dallas and Denver home price index values was much less severe than in other cities such as Las Vegas, Miami, or Phoenix.
Chicago, IL (PRWEB) December 22, 2013
The Federal Savings Bank finds that Dallas and Denver home prices have risen slow and steady to new highs. This price info is positive for both prospective home buyers and current lien holders alike in each region.
According to the most current data from Spindices.com, both Dallas and Denver home price indices are showing new all-time highs. While the data is lagging and only shows from only September 2013, it is surprising to see Dallas and Denver as the all-tie high outliners considering there are a total of 20 S&P Case/Schiller home price indices. Readers may have presumed that New York, San Francisco, or Washington D.C. home prices would have rebound the fasted since the housing collapse but the reality is all three cities are shown to be -19.6%, -17.6%, and -18.2% below their all-time highs in September. Even if new data comes to show that NYC, San Fran, or D.C. have broken their all-time record home price indices, history will show that Dallas and Denver beat them to it. Meanwhile, Dallas and Denver home indices prices were both up 4.8% in September relative to their pre-housing crisis highs seen respectively in June 2007 and August 2006.
The Federal Savings Bank thinks the Dallas and Denver home index data should attract new home buyers to both regions. The decline in Dallas and Denver home price index values was much less severe than in other cities such as Las Vegas, Miami, or Phoenix. For Denver, the decline from peak to trough was -14.3%, while it was just -11.2% for Dallas.
The Federal Savings Bank, a veteran owned, encourages both active duty and retired servicemen and women to look at buying a property in the Dallas and Denver region based on their historically low volatility and steady growth. In addition, with mortgage rates trending near new annual highs, the lender suggests veterans should at least apply for a VA home loan now before rates may move even higher. The Federal Reserve will reduce its quantitative easing program further in the near future which will send mortgage rates even higher. If individuals want to lock in an affordable loan they should complete a home loan application now.
Please visit the FederalSavingsBank.com, a veteran owned lender, to find out more about affordable mortgages options.