Dallas home prices fall 5.6% - Puget Sound Business Journal (Seattle):

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percent in the first quarter of 2009 when compared to the same periox ayear earlier, according to the latesft Standard & Poor’s/Case-Shiller Home Pricde Indices. The evaluates home prices in various U.S. metropolitan areaw and develops data sketches by evaluating changexs within individual cities and within largedr portfolios made up of various cities. The S&P/Case-Shiller 10-city composite index shows home pricessfalling 18.6 percent in the first quarter as comparee to the year while the report’s 20-city composite index shows home pricesw falling 18.7 percent.
Despite home pricw values dropping in Dallas as the NorthTexas area, along with Denved and Boston, continue to fare betterf 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 Tuesday. “Declines in residentialp real estate continued at a steady pace into saidDavid Blitzer, chairman of the Indes Committee at Standard & Poor’s. “All 20 metrp areas are still showing negative annual rates of changse in average home prices with nine of the metro areaa having recordannual declines.
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