More Silver Lining Real Estate News

One of the most-watched indexes is the Standard & Poor’s/Case Shiller 10-city  composite home price index. Why? As explains the Associated Press:

The index is considered a strong measure of home prices because it examines price changes of the same property over time, instead of calculating a median price of homes sold during the month.

In the index just released today, Dallas showed the smallest decline in median price at 1.19 percent year-over-year. That isn’t grand, of course, but when compared to the other cities (8.4 percent decline overall) and the 20-city index (seven cities showing double-digit declines), it shows again that Dallas is somewhat inoculated from the horror stories of other markets because it has stayed reasonably priced during the aughts.