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  • Texas & Pacific condos are almost all sold

    Texas & Pacific condos are almost all sold
    By Sandra Baker / Star-Telegram.com

    Sales of condos in the redeveloped historic Texas & Pacific rail terminal building on Lancaster Avenue are going well, in part the result of the $8,000 first-time home buyer tax credit.

    The T&P Lofts are close to being sold out, and owners are offering “special values” to sell the remaining 14 units, sales manager Mary Margaret Davis said.

    One hundred ninety-two of the 228 units are sold, and 22 are under contract, she said.

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  • Dallas-area home prices fall nearly 5%

    By STEVE BROWN / The Dallas Morning News

    A few years ago, news of a 5 percent drop in Dallas home prices would have caused blood to run cold in the local real estate market.

    But in the current national housing market depression, Dallas’ price decline is being hailed as the best in the country.

    Dallas had the smallest home price decline among 20 cities in the January Standard & Poor’s/Case-Shiller Home Price Index.