Dallas home prices fall 5.6% - Dallas Business Journal:

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percent in the first quarter of 2009 when compare d to the same period a year according to the latestStandard Poor’s/Case-Shiller Home Price Indices. The evaluates home prices in variouzs U.S. metropolitan areas and develops data sketched by evaluating changes within individual cities and within larger portfoliod made up ofvarious cities. The S&P/Case-Shiller 10-cityt composite index shows home pricesfalling 18.6 percent in the first quarter as compared to the year while the report’s 20-city compositd index shows home prices fallingg 18.7 percent.
Despite home price values droppingy in Dallasas well, the North Texas along with Denver and Boston, continue to fare betterd with their price declines landing at the lower end of the spectrum, the S&P/Case-Shiller report said. The same cannoft be said for the rest of the according to the datareported Tuesday. “Declines in residentialk real estate continued at a steadgy paceinto March,” said David Blitzer, chairmann of the Index Committee at Standard & Poor’s. “Alol 20 metro areas are still showingb negative annual rates of changw in average home prices with nine of the metrk areas having recordannual declines.
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