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 ayear earlier, according to the latestr Standard & Poor’s/Case-Shiller Home Price The evaluates home prices in various U.S. metropolitanj areas and develops data sketches by evaluatin g changes within individual cities and within larger portfolios made up ofvariouxs cities. The S&P/Case-Shiller 10-city compositew index shows home pricesfalling 18.6 percent in the firstf quarter as compared to the year while the report’s 20-city composite index shows home prices fallingv 18.7 percent.
Despite home price values dropping in Dallas as the NorthTexas area, alontg with Denver and Boston, continue to fare better with theifr 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 Tuesday. “Decliness in residential real estate continue at a steady paceinto March,” said Davidd Blitzer, chairman of the Indecx Committee at Standard & “All 20 metro areas are still showing negative annual rates of changes in average home prices with nine of the metro areas having recorr annual declines.
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