Report: Dallas-Fort Worth home prices least likely to drop

By STEVE BROWN / The Dallas Morning News

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Dallas-Fort Worth's housing market is the least likely of any in the country to see a significant decrease in home values, a new report confirms.

AP

At the same time, the chances of a house price decline rose in four out of five U.S. markets, according to a report released Tuesday by mortgage insurance firm PMI Group.

Dallas and Fort Worth ranked dead last in PMI Group's latest forecast of cities with the biggest chance for a home price shakeout.

Analysts with the California-based company estimate that the D-FW area has less than a 1 percent chance of marked home price drops during the next 24 months.

By comparison, cities in California, Nevada and Arizona which PMI surveyed have more than an 80 percent likelihood of falling residential values.

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