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Bust out the Excel for a peek at the May S&P/Case-Shiller home-price index, out today; or just take away the takeaway, which is: Dallas's home prices are down 3.1 percent since May 2007, which is nothing compared to the national average of a 17 percent plunge spread amongst 10 major cities. And, Dallas's prices are up one percent over April's results -- and a good morning to ya. Also from The Wall Street Journal, this news concerning the number of houses clogging the market: Out of 28 cities full of stock, 19 have seen a drop in back catalog over the past year -- including Dallas, which is why we mention it. And it's a decent decline too: 9.3 percent, according to this fun-for-glancing-at WSJ chart that considers the "overall strength of the [Dallas] metro area" as "moderate" and classifies our "employment outlook" as "strong." --Robert Wilonsky
Keep the Dallas Observer Free... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Dallas with no paywalls.
