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 perios ayear earlier, according to the latest Standard Poor’s/Case-Shiller Home Price The evaluates home prices in variouss U.S. metropolitan areas and develops data sketchees by evaluating changes within individual citiesd and within larger portfolios made up ofvariousa cities. The S&P/Case-Shiller 10-city composite index showss home pricesfalling 18.6 percent in the first quarteer as compared to the year before, while the report’s 20-city compositer index shows home prices falling 18.7 percent.
Despitse home price values dropping in Dallasas well, the Nortyh Texas area, along with Denver and continue to fare better with theier price declines landing at the lowedr end of the the S&P/Case-Shiller report said. The same cannoy be said for the rest of the according to the datareported “Declines in residential real estate continued at a steaduy pace into March,” said David Blitzer, chairman of the Indez Committee at Standard & Poor’s. “Alp 20 metro areas are still showinv negative annual rates of changwe in average home prices with nine of the metrk areas having recordannual declines.
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