Housing Prices Continue to Show Improvement

Data through October 2009, released today by Standard & Poor’s for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show that the annual rate of decline of the 10-City and 20-City Composites improved compared to last month’s reading. This marks approximately nine months of improved readings in these statistics, beginning in early 2009.” The 1 year change for the Dallas area was -0.6%. Due to this slowing of housing price declines, the real estate market should stabilize this year.