Are We In Bubble Territory?
Home values continue to rise across Dallas/Ft. Worth, as well as the nation. And home buyers in Keller, Southlake, Colleyville and surrounding areas are starting to ask if we're entering another housing bubble. Fair question. It's certainly one you'd want to know the answer to if you're considering plunging into the housing market. Zillow just reported that:
“National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade.”
So if you buy a home today, you may well be paying the highest price the home has sold for... But are we in bubble territory? The Zillow comment is correct; the Dallas/Fort Worth area has passed previous peak home