Texas home price increases may be getting out of hand

[TexasTowelie]

Home prices in Dallas-Fort Worth and other Texas markets have been rising at almost unheard of rates this year.

In the D-FW area, home prices are almost 12 percent higher than they were this time last year, according to a variety of different reports. In Houston, the increase was even greater at midyear.

Texas’ metropolitan areas have pretty much recovered all the values lost during the recession and are moving toward new record highs.

-snip-

Economists at Trulia.com have put Dallas, Houston and Austin on a list of what they consider the 10 most overheated housing markets in the country.

More at http://bizbeatblog.dallasnews.com/2013/08/texas-home-price-increases-may-be-getting-out-of-hand.html/ .

[Javaman]

1. We just got our recent assessment and our value jumped by 20k since last year.

it's coming. Luckily our house is paid off. So when the jump in our property tax hits, we should be prepared.

We are still going to get a new assessment done. I don't trust the city.

[MicaelS]

2. It is probably directly related to the fact that...

How fast Texas Metro areas are growing.

Explosive growth continues in Dallas-Fort Worth

The DFW metropolitan area recorded the largest increase in the nation from July 1, 2011, to July 1, 2012, adding 131,879 people, according to U.S. Census Bureau estimates released today.

Since the April 1, 2010, census, DFW's growth spurt is even more impressive: The population has increased by 4.3 percent, or 274,781 people.

The Houston metro area was ranked No. 2 in growth over the one-year period, adding 125,185 people to reach 6,177,036. Since 2010, it has also grown by 4.3 percent, adding 256,579 people.

"The large population centers, particularly the triangle group of Dallas-Fort Worth, Austin-San Antonio and Houston, have been the growth drivers in Texas. And their growth is absolutely driven by jobs," he said.

[Gothmog]

3. My subdivision is still adding sections

The number of new homes going up in my subdivision is amazing. There is a tremendous amount of growth in my county