Risky Real Estate
Dallas ranks among top 5 housing markets for buyer's remorse
It's not news that Dallas-Fort Worth currently has a hot housing market, but what is noteworthy is that anyone rushing to purchase a home in 2016 may be at serious risk for buyer's remorse.
Zillow recently tracked the 50 largest metro housing markets with data from 2015 and projected trends for 2016, and DFW landed on the list of cities where home appreciation is expected to drop significantly in the coming year.
By looking at last year's home value growth in Dallas-Fort Worth — a whopping 15.2 percent — and comparing it to the expected growth for 2016 — a measly 5.6 percent — DFW ranks among the top five markets for buyer's remorse.
But it could be worse.
In Silicon Valley, the pace of home value appreciation is expected to drop by more than 10 percent, while Tampa's on track to go down about 8 percent. The previously hot, hot, hot housing market of Denver, meanwhile, is forecast to take an 11-percent plunge in 2016.