Wednesday, April 01, 2009

Dallas-area home prices fall nearly 5%

A few years ago, news of a 5 percent drop in Dallas home prices would have caused blood to run cold in the local real estate market.

But in the current national housing market depression, Dallas' price decline is being hailed as the best in the country.

Dallas had the smallest home price decline among 20 cities in the January Standard & Poor's/Case-Shiller Home Price Index.

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