TODAY'S TOP STORY
By STEVE BROWN / The Dallas Morning News
Dallas-area home prices took their biggest drop
yet in a benchmark housing study.
Prices fell by 2.4 percent in the Dallas area December from a year earlier, according to the monthly S&P/Case-Shiller home price index. The decline was double the November falloff.
But that was still much better than the almost 9 percent nationwide decline in 2007, the research firm reported Tuesday.
Dallas home prices in December were at the lowest point since June 2005, according to the study.
The local decline in home prices was well
below those reported in other major U.S. cities.
In Miami, home prices were down 17.5 percent, and prices dropped more than 15 percent in Phoenix and Las Vegas.
Only three cities – Charlotte, Portland and Seattle – continued to see price gains at the end of 2007.
Full story
| MORE HEADLINES |
| TODAY When you’re offered hundreds of thousands of dollars to leave your job, does it make sense to reject the offer? The answer is: Maybe. Read why in tomorrow's Business section. |
Back to newsletter list
