Analyst: Dallas-Fort Worth home prices to turn positive next summer

Here is an except of an article that has very encouraging information for the Real Estate Markets.  For the full article, please contact me.

First American CoreLogic, a California-based housing and finance information firm, is forecasting that home prices around the country will bottom out by spring.

And in the D-FW area, prices should be slightly positive by August, the firm's economists predict.

"In August 2010, the index is projecting that 12-month appreciation for Dallas-Plano-Irving home prices will be 0.21 percent," First American's latest report said.

That compares with a 0.12 percent decline in home prices here in the 12 months ending August 2009, the analyst said.

First American CoreLogic Home Price Index

Metro areas ranked by best appreciation between August 2008 and August 2009.

1. Houston-area: 2.03%

2. Dallas : -0.12%

3. Boston -3.97%

4. Philadelphia : -5.22%

5. Washington , D.C. : -5.28%

6. Atlanta : -8.22%

7. New York : -11.72%

8. Chicago : -12.5%

9. Los Angeles : -14.02%

10. Miami : -16.82%

SOURCE: First American CoreLogic