Housing rocketing up in job-rich Texas

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On-the-spot all-cash offers, buyers paying other buyers to go away — activities like these are becoming more common in Texas, where housing inventory and the unemployment rate are well below national levels.

Prices are rising, too, leaving some to suspect that investor presence is growing and others to wonder if housing, which has been historically more affordable in the Lone Star State than in places like California and Florida, will price some buyers out.

In Dallas, for example, the S&P/Case-Shiller 20-city home price index shows that home prices are 4 percent higher than they were at their 2006 peak.

Source: Bloomberg