While the Dallas News is reporting Dallas-Fort Worth home prices have fallen to 1990 levels, the latest report from the Brookings Institution reports the Dallas-Fort Worth area is one of the top three housing markets in the country.

Dallas-Fort Worth ranked third among metro areas that have been least affected by falling home prices.

The Brookings report is based on the Federal Housing Finance Agency’s quarterly House Price Index, which tracks values of homes mortgaged by Fannie Mae and Freddie Mac and is part of a comprehensive nationwide study on the economic health of metropolitan areas nationwide.

According to the price index, Dallas-Fort Worth home prices increased slightly in the first quarter of 2009 compared with those in the first quarter of 2008.

According to Brookings, 38 of the top 100 metro areas avoided home price declines over the last year, while prices nationwide dipped 6 percent.

Best U.S. Housing Markets:

1. Houston, TX

2. Buffalo, NY

3. Dallas Fort Worth, TX

4. Wichita, KS

5. Greenville, SC

Worst U.S. Housing Markets:

1. Stockton, CA

2. Las Vegas, NV

3. Modesto, CA

4. Riverside, CA

5. Cape Coral, FL

Dallas – Fort Worth Home Resales Report

What’s your Dallas-Fort Worth home worth?