Dallas, Minneapolis, Chicago, Charlotte, Atlanta, Detroit, Cleveland: From Smaller Housing Bubbles to Crushed Markets
by Wolf Richter
WolfStreet.com
Oct 30, 2019
Prices in red-hot Dallas slow. Chicago condos flat for the year. Formerly crushed Detroit up 100% in 7 years. Cleveland struggles out of crushed status.
Yesterday, we did The Most Splendid Housing Bubbles in America — such as the San Francisco Bay Area, New York City metro, the Miami metro, Seattle, and other markets that have or had mind-bending house-price bubbles. Today, we do the other markets in the 20-city CoreLogic Case-Shiller Home Price Index – the cities where house prices have not yet doubled since 2000.
Dallas-Fort Worth House Prices:
In the Dallas-Fort Worth metro – the counties of Collin, Dallas, Delta, Denton, Ellis, Hunt, Johnson, Kaufman, Parker, Rockwall, Tarrant, and Wise – the blistering house price boom of the past seven years is slowing. In August, prices of single-family houses remained flat with July, and are up only 2.8% from August last year, according to the CoreLogic Case-Shiller Home Price Index. “Only 2.8%” because between the end of 2012 and mid-2018, year-over-year price increases ranged from 5% to over 10%; the first time since 2012 that year-over-year price increases dropped below 3% was in April 2019
The Rest…HERE
