Report: Dallas-Fort Worth won't see big home price declines
11:08 PM CDT on Thursday, April 10, 2008
By STEVE BROWN / The Dallas Morning News
While North Texas' housing market decline has accelerated in recent months, analysts are still betting that the Dallas-Fort Worth area won't see measurable price declines.
Indeed, the latest report from mortgage insurance firm PMI Group says that D-FW is one of the last places in the country likely to see a drop in home prices during the next couple of years.
There's less than a 1 percent chance that home prices will fall here, according to PMI's spring risk index report, which was released Thursday.
At the same time, PMI says that 13 of the nation's top housing markets have more than a 60 percent likelihood of home price declines.
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