Is Dallas-Fort Worth in a Home Price Bubble?
More than 30% of North Texas homes are selling for more than the asking price, with buyers sometimes forking over $100,000 or more than what the houses are listed for. Download our NBC DFW mobile app for Apple or Android to get alerts for local breaking news and weather. That has landed the Dallas area on a list of cities prone to a market downturn, according to a new report by Florida researchers. Home prices are escalating quickly in Dallas and a handful of other U.S. cities where consumers would be better off financially by renting and reinvesting the money they would otherwise have spent on homeownership, the study by professors at Florida Atlantic University and Florida International University says. Click here to read more from our partners at The Dallas Morning News.