AgentMarkets & Economy

Declining Houston home prices an ‘elevated risk,’ says Arch MI

Homes in the metro considered overvalued in relation to incomes
Published on Jan 11, 2016
  • Houston's oil and commercial construction sectors of concern to Arch MI.
  • Two sources believe Houston homes are roughly 20 percent overvalued.
  • Five Texas metros where ranked as having a more than 25 percent chance of home price declines in the coming years.

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by CareyBot

Homes in the Houston-The Woodlands-Sugar Land metro are roughly 20 percent overvalued, giving them a one in three (36 percent) chance of seeing price deprecation in the next few years, according to a recent ranking put out by Arch MI. The report dubbed Houston as the only top 50 metro nationally to be at "elevated risk" of home price declines ...

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