Warning! Is Dallas Home Price Bubble?

Warning! Is Dallas in a Home Price Bubble?

Dallas home values, which have shot up in recent years, may be in a price bubble.

That's what a nationwide report by Florida Atlantic University warns. 
The report looked at home markets across the country and conditions for buying and renting.

U.S. residential real estate markets are peaking after years of recovery from the Great Recession, the analysts said.

"Both Dallas and Denver are significantly overheated," Florida Atlantic University associate dean Ken Johnson said in the just-released report. "Residential real estate prices in Dallas are significantly above their long-term pricing trend, and I anticipate pricing corrections in the near future."

Strong economies in Dallas and Denver have buoyed home prices beyond their fundamental levels for a sustained period, according to the report...

Read the Full Article Here