Dallas-area home prices turned positive for the first time in more than two years in the closely-watched Standard & Poor’s/Case-Shiller Home Price Index.
Residential values in the Dallas area were up 1.4 percent in November from a year earlier – the best performance of the 20 cities tracked in the monthly survey, which was released on Tuesday.
Prices were down 5.3 percent for all the cities in the index from a year ago.
“Looking at the annual figures, four markets – Dallas, Denver, San Diego and San Francisco – finally entered positive territory, something we haven’t really seen in at least two years,” Standard & Poor’s David M. Blitzer said Tuesday in the report.
Other major U.S. home markets weren’t so lucky. Charlotte, Las Vegas, Seattle and Tampa all hit new low points in the survey.
And Dallas-area home prices fell by 0.6 percent on a monthly basis in November from October, Case-Shiller said.
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