Houston declared the second most overvalued housing market in the U.S., but is it a bubble? (HBJ)

Photo Courtesy of HBJ

Photo Courtesy of HBJ

By Nicole Raney

We know how much Houstonians need to make in order to rent a nice apartment in the city, but how do we fare when it comes to buying a home? According to Forbes, the Bayou City has the second most overvalued housing market in the U.S. this year.

The five most overvalued housing markets were determined by Fitch, who weighed home price trends against economic fundamentals of each market (income growth, unemployment rates, population growth, mortgage rates, rental prices, buyer demand and inventory levels). In overvalued markets, home prices grew faster than the local economy.

Click Here to Continue Reading

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s