DALLAS (Dallas
Morning News) – Inflation-adjusted home prices in the Dallas–Fort Worth
area have returned to 1990s levels, according to a report released yesterday by
the Joint Center for Housing Studies at Harvard University.
Falling home prices have resulted in billions of dollars in residential
values being eliminated in North Texas.
The report found that U.S. home equity fell by $2.5 trillion in 2008, off
$5.9 trillion — or 43 percent — from 2005, when adjusted for inflation.
Nationwide, adjusted median home prices have dropped nearly 30 percent since
2005.