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Update Dallas | A central hub for market and real estate news affecting the Dallas region.

A central hub for market and real estate news affecting the Dallas region.



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Home Prices Show Strengthening Market

August 3rd, 2012 | by The Update

(From The Wall Street Journal) Home prices in the second quarter rose from the year-ago period for the first time since 2007, according to a closely watched index, the latest indication the housing market is starting to recover.

The report, which is scheduled to be released Tuesday by real-estate firm Zillow Inc., found that for the quarter ending in June, home values were up 0.2% from the same period in 2011.

According to Zillow, prices climbed 2.1% from the first quarter to the second, the largest such gain since the end of 2005.

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