Austin home prices up, still dropping elsewhere - Washington Business Journal:

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According to First American CoreLogic’s Home Price Index, 33 statesd saw home prices decline at a fastere ratein March. However in the major Texas includingthe Austin-Round Rock metro prices increased. In the local area prices rose 2.2 percenr in March compared withMarch 2008. That’zs down slightly from the region’s February home pricre increaseof 3.2 percent compared to the previous Housing price declines are slowing in states that have seen the highesgt declines in the past three years, but prices are droppinh faster in states that have seen only moderate decreasews in that time period, the research found. housing prices fell 11.
5 percenrt in March compared with the same month last down froman 11.7 percent annual decline in February. The number of states with double-digif annual declines has doublex in thelast year, according to the index, from seven states in Marchj 2008 to 14 states this March. Nevada remainexd the top-ranked state for annual pric e depreciationin March, with an averages home price decline of 26 percent. Californisa followed close behind with a housing pricer decline of 25 percent compared with the same montuhlast year. Rhode Florida and Arizona round out thetop five.
Four Texaxs metro areas saw either the smallest housing price decline ofthe region’s in the study or experiencexd home price increases in March, according to the Those were San Antonio; the Dallas-Plano-Irving the Austin-Round Rock area and the Houston-Sugar Land-Baytow area.