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Dallas: The city the housing crisis skipped over.
Home prices have increased, nationally, on a month-to-month basis for the third month in a row, according to the July Case-Shiller home price index released today.
In our area, home prices rose 1.8 percent in from June to July—-so we’re faring a bit better than the national average of 1.6 percent, according to the Washington Business Journal. Of course, prices are still down nearly ten percent here when compared to July 2008’s numbers. But, hey, at least we’re not among the hardest hit, as detailed by Frank Ahrenson washingtonpost.com.
-Detroit: down 24.6 percent (Self-explanatory.)
– Las Vegas: down 31.4 percent. (The overbuilt Sun Belt has been hit hardest by home price drops.)
– Phoenix: down 28.5. (Again, Sun Belt.)
– Tampa: down 18.4 percent.
Then again, it sure would be stress-free to reside in Dallas. Home prices there have dropped less than two percent in the last year.
Image by Deherrera_96, Flickr Creative Commons