DFW housing prices continue to rise, but 'no bubble'DFW housing prices continue to rise, but 'no bubble'https://www.recenter.tamu.edu/news/newstalk-texas/?Item=159002017-02-24T06:00:00Z2017-02-24T23:00:00Z

​​​​​​DALLAS-FORT WORTH – As home prices continue to climb in DFW, North Texas homes are overvalued by 10 to 14 percent, based on Fitch Ratings' latest quarterly sustainable home price report​.​

The rating comes after North Texas home prices rose 13.4 percent year-over-year, according to Case Shiller's latest home price report. ​

"Only 16.2 percent of the new homes sold are affordable to a household in Dallas making the median household income,"​ a Fitch Ratings director said. 

The median price of a new home is about $345,000.

That is far more than the maximum amount the median household in Dallas can afford, which is about $240,000.​​

The affordability issue is something builders and developers alike are trying to overcome, but there's no "bubble," in the North Texas housing market, said Ted Wilson, a principal at Dallas-based Residential Strategies.
Dallas Business Journal
Dallas-Fort Worth-Arlington

​Want more ​data? See Dallas Housing Market Research. 

Read more at the {Source}

 Search NewsTalk Texas