Study: Home prices increase in Texas markets

From the San Antonio Business Journal:

“Home prices in Texas have defied the overall downward trend seen in other U.S. housing markets, according to a study by First American Loan Performance.

In the San Antonio area, home prices increased 7.89 percent over the 12 months ending in October. Other Texas markets included in the study’s top 30 statistical areas include Austin-Round Rock, which increased 8.62 percent; Dallas-Fort Worth-Arlington, up 3.92 percent; and Houston-Sugar Land-Baytown, with a 4.52 percent increase.”

That means that the San Antonio Area ranked 4th nationwide in appreciation. In all, only 10 of the nation’s largest metro area’s had increases in home prices, with 4 of those in Texas.