Dallas home prices fall 5.6% - Dallas Business Journal:

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percent in the first quarter of 2009 when compared to the same period a year according to the latestStandarc & Poor’s/Case-Shiller Home Price Indices. The evaluates home prices in various U.S. metropolitan areas and develops data sketches by evaluatinb changes within individual cities and within larger portfolioe made up ofvarious cities. The S&P/Case-Shille 10-city composite index shows home pricefalling 18.6 percent in the firstr quarter as compared to the year while the report’s 20-city composite indec shows home prices falling 18.7 percent.
Despite home pricse values dropping in Dallaxsas well, the North Texas area, along with Denver and Boston, continue to fare betteer with their price declines landing at the lower end of the the S&P/Case-Shiller report said. The same cannot be said for the rest of the according to the datareported “Declines in residential real estate continuesd at a steady pace into March,” said David chairman of the Index Committee at Standard & Poor’s. “All 20 metro areasx are still showing negative annual ratex of change in average home prices with nine of the metro area having recordannual declines.
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