Home price surge stymies first-time buyers

Home-Prices-JumpBy Chris Kirkham | The Wall Street Journal

Connie Durnal has more than two decades of experience as a broker in the Dallas real-estate market. But these days she thinks of her career in two distinct phases: the last two years and “the olden days.”

Home prices in the Dallas metro area, historically one of the nation’s most stable and affordable markets, have climbed at one of the fastest rates in the U.S. since 2014. Inventories of houses on the market are under two months’ supply, the lowest in 25 years.

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