With Recent Price Gains, Houston’s Housing Market Could Be Overvalued

by Peter Thomas Ricci

Our local market has made quite a bit of progress since 2011, but has it advanced too far?

Housing bubble talk has grown strangely common the last few months, what with home prices nationally posting double-digit increases from where they were a year ago – and here in Houston, there may be some cause for concern.

Per the latest Bubble Watch from Trulia, home prices in Houston are 2 percent overvalued, compared to fundamentals, while nationwide, prices are still 5 percent undervalued nationwide,

How do we compare with other local markets? See our graph below to find out:

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