Dallas-Fort Worth home prices fell in October from a year ago, the fourth straight month of year-over-year declines, according to the latest Standard & Poor's/Case-Shiller home price index released Tuesday.
Area home prices fell 3.1 percent in October, one of the largest declines in several months. In September, area home prices fell 2.6 percent from a year ago.
Compared with September prices, prices declined in all 20 cities in the index. On average, the decline was 1.3 percent in October from September. When compared with year-ago figures, the average decrease was 0.8 percent in October, figures show.
"There is no good news in October's report," David Blitzer, chairman of the S&P Index Committee, said in a statement. "The tax incentives are over, and the national economy remained lackluster in October. Existing homes sales and housing starts have been reported for both October and November, and neither is giving any sense of optimism."
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Home prices declined the most in Chicago in October, down 6.5 percent, followed by Atlanta, with a 6.2 percent decline. Atop the index was Washington, D.C., where home prices rose 3.7 percent in October from a year ago.
Sandra Baker, 817-390-7727