Analyst: Dallas-Fort Worth home prices to turn positive next summer

The long run of declines in Dallas-Fort Worth home prices should turn positive next summer, an industry analyst said Thursday.

First American CoreLogic, a California-based housing and finance information firm, is forecasting that home prices around the country will bottom out by spring.

And in the D-FW area, prices should be slightly positive by August, the firm's economists predict.

"In August 2010, the index is projecting that 12-month appreciation for Dallas-Plano-Irving home prices will be 0.21 percent," First American's latest report said.

That compares with a 0.12 percent decline in home prices here in the 12 months ending August 2009, the analyst said.

First American's assessment of the D-FW home market is a little more positive than other local and national measures, which say prices here are down about 1 percent from a year ago.

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