Dallas market 10-14% overvalued -Wall Street

[Gary Baker]

I have been feeling the same thing about the Dallas market for the last two years. We are due a correction. The real question is when, how deep and how long? The 1% rule has a corollary. If average market rents in an area are a 'figure' say $1500pm then the average house price should be around $150000 aka 1% rule. So, if sustainable rents are $1650 in your area then a house selling at $200k is over priced. Yet it is happening all over the metroplex. http://www.dallasnews.com/business/real-estate/2017/02/22/d-fw-home-prices-raise-red-flag-analysts Patience little cricket.