October 28, 2008
By STEVE BROWN
The slide in U.S. home prices gained speed in August.
And home prices in the Dallas-Fort Worth area dipped lower as well.
Home prices fell by a record 16.6 percent in Standard & Poor's/Case-Shiller's monthly housing report.
In the D-FW area, prices fell 2.7 percent in August from a year ago in the benchmark home survey.
Out of the 20 markets Case-Shiller tracks, "13 of them had their annual returns worsen from last month's report," S&P's David M. Blitzer said in the survey. "As seen throughout 2008, the Sun Belt markets are being hit the most."
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