DALLAS-North Texas home prices were up 1% in July 2010 from July 2009 due to a sharp increase in the sale of high-end homes.

There was a 50% increase in the number of new homes in 2010 while the number of foreclosures reduced in three of the last four months. Furthermore, sales of pre-owned homes declined 29% in July 2010. However, the North Texas housing market could worsen due to the sluggish job market and low consumer confidence levels. For the full story, go to Dallas Morning News.

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