Swagudelo
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| Joined: 23 May 2013 |
| Total Posts: 24436 |
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| 23 May 2015 08:04 PM |
"Home prices are pushing peak levels again, and this time they're doing it without the help of easy credit.
Now, an increasing number of local markets are considered overvalued. Tight supply and strong demand pushed the median price of homes sold in April to $219,400, up nearly 9 percent from a year ago, according to the National Association of Realtors. While that is still below the 2006 peak of $230,400, the Realtors' Chief Economist, Lawrence Yun, said he expects to approach that level this year.
Given that income growth is not even close to matching home price growth, certain housing markets are pushing past what is considered sustainable, based on the median income. Seven out of the top 100 metropolitan U.S. housing markets are thus overvalued, according to a new study by CoreLogic, a real estate analytics company. That's up from four just last fall.
Four of the seven are in Texas: Austin, Houston, Dallas and San Antonio. These markets did not surge and crash during the last housing boom. Instead, they were fueled by oil and gas, which pushed both prices and population. Prices there are now at historic highs, with Dallas home values 15 percent above their peak in 2007. Austin home prices are 39 percent above what CoreLogic considers sustainable. Texas has been here before, but for different reasons.
"It doesn't mean we will see what happened in the early '80s," Khater noted, referring to the real estate crash back then. "Because the Texas markets are not nearly as overvalued as they were then. There is also not the same dislocation in nonoil segments."
The Texas economy is far more diverse now, with technology, health care and insurance sharing the wealth. The state is therefore not nearly as susceptible to movements in oil prices. " |
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| 23 May 2015 08:05 PM |
blatant plagiarism by runeneptune again like usual
Iᴛ ᴀɪɴᴛ ᴇᴀsʏ, ʙᴇɪɴɢ Cʜᴇᴇsᴇʏ. |
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Swagudelo
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| Joined: 23 May 2013 |
| Total Posts: 24436 |
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| 23 May 2015 08:06 PM |
"blatant plagiarism by runeneptune again like usual"
the entire thing is in quotes, sorry. not today, loser. |
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| 23 May 2015 08:06 PM |
3 of the 20 largest growing cities in America are in the Austin metro.
Those cities are San Marcos (#1), Georgetown (#2), and Cedar Park (#17) |
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| 23 May 2015 08:06 PM |
| basically any state with oil is the future of the usa |
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| 23 May 2015 08:09 PM |
| all i see is blah blah blah texas is better than ur state |
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| 23 May 2015 08:09 PM |
>the entire thing is in quotes, sorry.
which is not followed by a source or citation, sorry bud
>Those cities are San Marcos (#1), Georgetown (#2), and Cedar Park (#17)
actually raleigh is the fastest growing city in the nation (forbes) http://www.forbes.com/pictures/edgl45emig/no-1-raleigh-nc-metropolitan-statistical-area/
Iᴛ ᴀɪɴᴛ ᴇᴀsʏ, ʙᴇɪɴɢ Cʜᴇᴇsᴇʏ. |
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| 23 May 2015 08:09 PM |
"all i see is blah blah blah texas is better than ur state"
Because it is? |
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| 23 May 2015 08:11 PM |
https://homes.yahoo.com/news/top-15-fastest-growing-cities-211809261.html
"1. San Marcos, TX" "2. Georgetown, TX"
On this same list is Cedar Park at #18 |
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Swagudelo
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| Joined: 23 May 2013 |
| Total Posts: 24436 |
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| 23 May 2015 08:12 PM |
"all i see is blah blah blah texas is better than ur state"
Better learn that now sooner than later |
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| 23 May 2015 08:14 PM |
http://en.wikipedia.org/wiki/List_of_metropolitan_areas_of_the_United_States#United_States
Filter the "change" tab to see that Austin is the largest metro area that is actually relevant that's growing the fastest, at +6.88%, while your stupid excuse for Raleigh's metro area is growing at +4.50. US Census Bureau is your citation there buddy. |
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padam11
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| Joined: 11 Feb 2013 |
| Total Posts: 15774 |
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| 23 May 2015 08:17 PM |
i like that you just gave me a list trying to prove austin is the fastest growing city in the US when it clearly has 7 cities above it
Iᴛ ᴀɪɴᴛ ᴇᴀsʏ, ʙᴇɪɴɢ Cʜᴇᴇsᴇʏ. |
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BroBro264
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| Joined: 12 Jul 2011 |
| Total Posts: 28121 |
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| 23 May 2015 08:19 PM |
| i think ill stay in the beautiful state of pennsylvania, but thanks for the invitation. |
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| 23 May 2015 08:25 PM |
| im happy in the 6th best town in america in 2013 according to money magazine |
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| 23 May 2015 08:27 PM |
well my state > texas
my country > texas
hell, even new zealand > texas |
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| 23 May 2015 08:28 PM |
"well my state > texas
my country > texas
hell, even new zealand > texas"
amen
also do u live in NSW?
Iᴛ ᴀɪɴᴛ ᴇᴀsʏ, ʙᴇɪɴɢ Cʜᴇᴇsᴇʏ. |
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Swagudelo
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| Joined: 23 May 2013 |
| Total Posts: 24436 |
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| 23 May 2015 08:29 PM |
"im happy in the 6th best town in america in 2013 according to money magazine"
i guess i'm happy in the 3rd best town in america, and the 5th safest city in the united states according to cnn, money magazine and city crime rankings
you can't win |
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SRHL
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| Joined: 10 May 2010 |
| Total Posts: 13484 |
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| 23 May 2015 08:30 PM |
I'm happy staying in the Canadian Socialist Emirate of Al-Berta.
Which is kind of like Texas but better in every imaginable way. |
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| 23 May 2015 08:30 PM |
| no, south australia. we're actually building one of the worlds most expensive hospitals, we've got a thriving arts scene (although it does get d-bags around here......) and we're building 2 additional cbd's, so go sa. |
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| 23 May 2015 08:32 PM |
>Which is kind of like Texas but better in every imaginable way.
a god damn men
Iᴛ ᴀɪɴᴛ ᴇᴀsʏ, ʙᴇɪɴɢ Cʜᴇᴇsᴇʏ. |
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| 23 May 2015 08:34 PM |
| everything may be bigger in texas, but anywhere is better than texas. |
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