As home price growth continues to accelerate in North Texas and nationwide, economists say another housing bubble could be emerging — but a very different one than what was seen leading up to 2008′s global housing crisis.
Dallas-Fort Worth home prices were up 27% from January 2021 to 2022 in the just-released S&P CoreLogic Case-Shiller Home Price Index. That marks the fastest growth ever recorded for the region on the index. Nationally, home prices increased 19%, the strongest January year-over-year increase recorded.
Economists are seeing indications that housing prices have been becoming increasingly out of step with market fundamentals, according to a new report from the Federal Reserve Bank of Dallas based on 2021 housing data.
