The jump in home prices in many markets isn’t causing analysts to panic. With housing prices on a hot streak in many parts of the country, there’s already a lot of talk about the potential for another home market bust. Home prices in North Texas have shot up about 40 percent in the last six years. And prices are almost 10 percent higher than just a year ago, according to the latest surveys by Case-Shiller and CoreLogic. But housing analysts aren’t ready to buy into the idea that another bubble is forming for housing. “I get asked the bubble questions all the time,” said Ralph McLaughlin with Trulia. “Housing will probably flatten out and maybe drop but nothing like we saw in 2006.” McLaughlin told the National Association of Real Estate Editors meeting this week in New Orleans that cities which, in the last year or two, saw the biggest percentage price increase are now seeing slower growth. “Houston has seen the biggest slowdown.” He said job growth and demand for housing and the inventory of properties on the market are the biggest factors in price increases.
- Dallas Morning News, June 10, 2016