Dallas-Fort Worth home prices held almost steady in the latest Standard & Poor's/Case-Shiller Home Price Index – down 1.2 percent from a year ago.
It was one the smallest annual declines in more than a year in the closely watched index of home prices around the country.
September prices were down 0.7 percent from August, ending a six-month string of month-over-month gains.
"The month-to-month changes will likely continue to be somewhat bumpy over the coming year," said David Brown, who heads the Dallas office of housing analyst Metrostudy Inc. "I don't think we will see much of an increase in home values until job growth returns and the number of foreclosures begins to drop."
Nationwide, prices fell 9.4 percent in September from a year earlier in the 20 cities Case-Shiller tracks.
No comments:
Post a Comment