from Dallas Morning News
Homebuyers venturing into this summer’s hot housing market better hang on to their wallets.
The Dallas area leads the country in home price gains. Median home sales prices are more than 10 percent higher this summer than a year ago.
In some neighborhoods the price hikes this year are two to three times that rate.
Prices for preowned homes are up 30 percent in Oak Cliff, 29 percent in Fairview and 22 percent in North Dallas in the first six months of 2015.
And prices were up 15 percent or more in a dozen other Dallas-area neighborhoods, according to a midyear analysis of the North Texas home market based on data from the Real Estate Center at Texas A&M University.
“If I was in those neighborhoods,…