Thursday, October 02, 2008

Dallas home prices down over 2007, but still faring better than most major cities

September 30, 2008

Standard & Poor’s released its S&P/Case-Shiller Home Price Indices for the month of July on Tuesday, proving that while home values in Dallas are down, home prices in the Big D still fare better than in most American cities.

The S&P/Case-Shiller 20-city composite home price index shows home prices in Dallas declining 2.5 percent over the previous year's July and rising 0.6 percent between June and July. Of the 20 cities indexed, Dallas performed second best in one-year changes, second only to Charlotte's 1.8 percent decline for the one-year period.

The 20-city composite index as a whole saw an annual decline of 16.3 percent in July.

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North Texas cities among those with highest employment gains

September 30, 2008

A report from the Bureau of Labor Statistics of the U.S. Department of Labor shows a majority of metropolitan areas evaluated for August reporting higher year-over-year unemployment. Of the 369 areas studied, 354 had gains in unemployment.

But based on the report, North Texas is faring significantly better than most metropolitan areas.

Instead of reporting disappointing results, the North Texas region (Dallas-Plano-Irving) posted a year-over-year employment gain of 44,600 new jobs or a 2.6 percent increase in employment in the month of August — the highest employment gain of 32 metropolitan areas surveyed. The broader region of Dallas-Fort Worth-Arlington also reported the largest year-over-year employment increase of 59,800 jobs, out of 310 metropolitan areas surveyed.

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Southwest begins "fly by" security lanes at select airports

October 1, 2008

Southwest Airlines Co. said Wednesday it’s rolling out priority security lanes for Business Select and Rapid Reward A-List Customers at certain airports later this month.
Dallas-based Southwest (NYSE: LUV) says the priority lanes, which are branded “Fly By,” are part of an initiative to enhance customer experience by allowing select passengers to move more quickly through the security check-in process.
The lanes will be available later this month at Baltimore/Washington International, Dallas Love Field, Phoenix Sky Harbor International, Orange County John Wayne, Denver International, San Francisco International and Los Angeles International.

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Bluffview is countryside in the city

September 26, 2008

By MARY JACOBS / Special Contributor to The Dallas Morning News

There's only one neighborhood in the city that reminds Kim Kanzler of her hometown in Connecticut: Bluffview.

With its winding, hilly streets, abundant trees and variety of houses, Bluffview "is the closest thing to New England that you can find anywhere in Dallas," she said.

Bluffview, in the northwestern part of Dallas, has been "discovered" in the last 10 to 15 years, and prices reflect that. Despite the housing market downturn, "the houses are flying off the shelves," said Douglas Newby, a Realtor.

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U.S. home prices fall record 16.3%, Dallas prices only 2.5%

September 30, 2008

By STEVE BROWN / The Dallas Morning News

Against the backdrop of slumping financial markets, there was more bad news Tuesday for the battered U.S. housing sector.

Nationwide home prices fell by a record 16.3 percent in the latest measure of housing values, released Tuesday in the Standard & Poor's Case-Shiller Index.

In the Dallas area, home prices in the July report were down only 2.5 percent from a year earlier in the 20-city monthly survey.

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