Although prices continue to climb, no other current signs point to a housing bubble in the near future, according to a new report.Given job growth, income surges, lending standards and low mortgage rates, metro-level housing markets remain mostly healthy through the second quarter, according to Nationwide’s Health of Housing Markets Report."Home prices reaching or even passing their pre-crash highs of a decade ago does not signal a bubble in the near future," David Berson, Nationwide senior vice president and chief economist, said in a statement. "Even with record-high prices in some markets, housing remains relatively affordable, and we are not concerned about a national bubble."HoHM Report / NationwideAt least two years before the last housing bubble burst, more th...
- Despite increasing housing prices, most markets are balanced by strong job growth, low mortgage rates and rising incomes, according to Nationwide’s Health of Housing Markets Report.
- Austin, San Francisco, San Jose, Dallas and Houston home prices are 20 percent above pre-crash highs.
- Five of the bottom 10 metro areas – or the least healthy housing markets – are located in Texas.