May 3, 2009

Dallas Area Home Prices Up - Number of Sales Down

First American CoreLogic reports that Dallas area home prices recently increased. U.S. home prices have fallen for the last 24 months and are back to 2004 levels, according to the study reported recently in The Dallas Morning News. However, the same report shows that the Dallas area continues to see small price increases.
The Dallas area was one of only three U.S. housing markets that had an increase in home prices at the end of February compared with a year ago, the California-based housing and mortgage research company said. Prices here were up just over 1 percent from February 2008.

The number of homes sales in the Dallas are down from 2008. All the figures make for some confusing headlines. Locally, prices are up, but sale are down. Nationally, prices and sales are down.

[where: 75230]

No comments: