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DALLAS-North Texas home prices were up 1% in July 2010 from July2009 due to a sharp increase in the sale of high-end homes.

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There was a 50% increase in the number of new homes in 2010while the number of foreclosures reduced in three of the last fourmonths. Furthermore, sales of pre-owned homes declined 29% in July2010. However, the North Texas housing market could worsen due tothe sluggish job market and low consumer confidence levels.For the full story, go to Dallas Morning News.


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