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 periodc ayear earlier, according to the latest Standard & Poor’s/Case-Shiller Home Price Indices. The evaluatexs home prices in various U.S. metropolitan areas and develops data sketchews by evaluating changes withinj individual cities and within larger portfolios made up ofvariouss cities. The S&P/Case-Shiller 10-city compositew index shows home pricesfalling 18.6 percent in the first quarter as comparesd to the year before, while the report’s 20-city composite indecx shows home prices falling 18.
7 Despite home price values dropping in Dallas as well, the Nortjh Texas area, along with Denver and Boston, continu e to fare better with theirr price declines landing at the lowe end of the spectrum, the S&P/Case-Shiller report said. The same cannot be said for the rest of the according to the datareported Tuesday. “Declinez in residential real estate continuedr at a steady pace into saidDavid Blitzer, chairman of the Index Committee at Standarc & Poor’s. “All 20 metro areas are stilk showing negative annual rates of change in average home prices with nine of the metro area having recordannual declines.
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