May 2012

By Steve Brown-Dallas Morning News

Dallas-area home prices were up for the first time in more than 18 months in a closely-watched housing survey.

Prices in Dallas rose 1.5 percent in March from a year ago in the Standard & Poor's/Case-Shiller Home Price Index.

Dallas was one of seven U.S. markets in the monthly survey that saw year-over-year home price gains.

Nationwide prices continued to fall - down 2.6 percent from March 2011, according to Case-Shiller.

"There are now seven cities - Charlotte, Dallas, Denver, Detroit, Miami, Minneapolis and Phoenix - where the annual rates of change are positive," Standard & Poor's David M. Blitzer said Tuesday in the report. "This is what we need for a sustained recovery; monthly increases coupled

Dallas Morning News- Steve Brown

The rebound in the North Texas housing market continued in April with a double-digit percentage rise in pre-owned home sales.

Local real estate agents sold more than 6,400 single-family homes last month, 11 percent more than in April 2011, according to numbers released Tuesday from the Real Estate Center at Texas A&M University and North Texas Real Estate Information Systems Inc.

And median home sales prices were up 9 percent from a year earlier.

It was the 10th month in a row that home sales were higher than in the same period of the previous year.

The biggest increases in sales this year have come for homes priced at more than $150,000. Those sales increases have caused overall median prices to move