Why didn't Dallas Peak in 2007? Case-Shiller Home Price Index

[Ramsey Rimkeit]

I'm looking at the Case-Shiller Home Price Index and comparing cities. Generally the trend has been the same: a huge peak in 2007 followed by a crash, and a pretty steady rise since 2012. Phoenix, AZ is possibly the most extreme example, whereas NY, NY didn't drop as far from 2008-2012. 

• Why are cities such as Dallas, TX and Denver, CO. different? 

• What implications can this have for future market downturns? Is it likely that Dallas, TX is less resilient or more resilient?

Here's the index for the US: https://fred.stlouisfed.org/se...

Here's Dallas, TX: https://fred.stlouisfed.org/se...

And here's Phoenix, AZ for comparison: https://fred.stlouisfed.org/se...

A list of all cities for comparison: https://fred.stlouisfed.org/re...