Real estate has always been centered around location, location, location. Forbes scoured the housing markets to determine the most overvalued housing markets in the country to help Americans, like you, make better-informed decisions.
To determine the top overvalued housing markets in the country (from the 50 largest metro areas) Forbes analyzed five metrics: unemployment, nominal income growth, population growth, change in rental prices and home price growth. It comes to no surprise that the most overhauled markets can be found right here in the Lone Star State and that San Antonio outpaced all the other markets at a higher rate.
So what does that mean for you? In an overhauled housing market sellers typically benefit, buyers face hotter home prices, and homeowners prepare for increasing property taxes. As the momentum gains, the rental trends of Americans choosing to rent versus buy will also likely continue to increase. Let’s face it, nobody wants to pay more. The housing and rental trends go hand in hand.
Do you feel that the San Antonio housing market is overvalued? Let us know your thoughts in the comments below.
Our apartment finders at Apartments Now are experts in the San Antonio real estate market. They work daily with buyers, sellers, and renters who want to live in an overhauled housing market like the Alamo City. Give us a call today (210) 558-7377 and let us help you find the perfect place to call home.