2016-09-28 — sovereignman.com
Hockey stick charts make me want to sell immediately. They're screaming indicators that we're entering another housing bubble. It's not just Dallas; home prices across the United States are at or near their all-time highs, eclipsing the previous peak set a decade ago.
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In fact, in the Dallas market, the ratio of home prices to income actually exceeds the level it was at during the previous housing boom. So, relative to income levels, home prices are becoming EXTREMELY expensive. This means that home prices are passing their all-time highs on both a relative AND absolute basis.
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