Dallas-Fort Worth home prices fell a negligible 0.2 percent in the fourth quarter. The decline was the first such drop since mid-2009 for the D-FW area in the National Association of Realtors’ quarterly U.S. home-price report.
Nationwide, home prices inched up 0.2 percent from a year earlier during the same period, according to the Realtors’ survey of homes sold in 152 markets around the country.
“Job growth is a major factor in price appreciation in metro areas,” Realtors’ economist Lawrence Yun said. But so far that hasn’t helped the D-FW area, which was second in the country in job gains last year but is still seeing home-price declines due to a large volume of foreclosures.
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