Report: Three Texas housing markets among nation's most overheatedReport: Three Texas housing markets among nation's most overheatedhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=145722016-09-20T05:00:00Z2016-09-20T16:00:00Z

​​​DALLAS – Incomes in six markets across the country are not keeping pace with sharply rising home prices, according to a new report from Nationwide Insurance.

Three of those ​markets are Dallas, Houston, and Austin. The others are Denver, San Francisco, and San Jose, Calif.

Nationwide gauged housing conditions in 400 cities across the country for its midyear report.

The Dallas Morning News reported that Dallas ranked in the bottom ​ten of those markets because soaring home prices have outstripped income growth in the area. Dallas has a "moderate risk" of a housing slowdown over the next year, analysts said.

Most U.S. housing markets are recovering from the recession and are not in danger of another price bubble, according to Nationwide.

Some Texas markets—in particular Midland, Odessa, and Victoria—also rated poorly in the comparison because of economic decline caused by lower oil prices.​

Dallas Morning News
http://www.dallasnews.com/business/headlines/20160919-rocketing-local-home-prices-make-dallas-area-home-market-moderate-risk.eceRead more at {Source}

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