Dallas-Fort Worth home prices drop 5% in new report

Dallas-Fort Worth home prices showed no sign of a rebound in the latest Standard & Poor's/Case-Shiller index.

Home prices dropped 5 percent in the D-FW area in April from a year earlier, according to the benchmark monthly survey. Prices fell 18.1 percent across the 20 U.S. metropolitan markets included in the report.

Still, the rate of nationwide home price decline has improved slightly from record drops earlier this year, according to Case-Shiller researchers.

"Furthermore, every metro area except Charlotte [N.C.] recorded an improvement in monthly returns over March," S&P's David M. Blitzer said in the report. "While one month's data cannot determine if a turnaround has begun, it seems that some stabilization may be appearing in some of the regions.

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