Prices GO Higher In Texas Cities
Four Texas Cities Top List Of Largest Price Growth
SANTA CLARA, Calif. (Realtor.com)– Four Texas metros have topped Realtor.com's list of markets with the largest price appreciation since 2006.
Austin-Round Rock took the top spot with 62.9 percent home price growth in ten years. In 2006, the metro's median home price was $173,510, jumping to $282,625 in 2016.
Dallas-Fort Worth-Arlington (51.6 percent), San Antonio-New Braunfels (45.9 percent), and Houston-The Woodlands-Sugar Land (45.5 percent) ranked third, fourth, and fifth, respectively.
The only metro outside of Texas landing in the top five was No. 2 Denver-Aurora-Lakewood with 53.5 percent growth.
Nationally, the median home price increased from $232,000 in 2006 to $236,000 last year.
While home prices have returned to the boom levels of a decade ago, there are no signs of a real estate "bubble" bursting, says Realtor.com Chief Economist Danielle Hale. Backed by tighter lending standards like the Dodd-Frank Act and Consumer Protection Act, current price appreciation is now driven by strong supply-and-demand fundamentals.