DFW rents are at all-time high and home prices in the area are rising faster than anywhere in the country save Houston, say surveys released by a couple of real estate research firms. While Dallas remains one of the most affordable big cities in the United States, paying to keep a roof over one's head in 2014 was no small feat.
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Renters faced an almost 5 percent increase in average prices, which reached a record $919 by the end of 2014, according to MPF Research in Dallas. The surge, MPF Research Vice President Greg Willett said in press release, was unusual because the bevy of new construction in DFW usually keeps prices down. Dallas' high occupancy rate (94.7 percent) help keep prices up, Willett said.More »