Attom Data economist says affordability and unemployment levels in Dallas-Fort Worth are a concern but not enough to consider the area high-risk.
“The Federal Reserve has promised to be as aggressive as it needs to be in order to get inflation under control, even if its actions lead to a recession,” said Rick Sharga, executive vice president of market intelligence at Attom, in a statement. “Given how little progress has been made reducing inflation so far, the Fed’s actions seem more and more likely to drive the economy into a recession, and some housing markets are going to be more vulnerable than others if that happens.
Most of the factors measured by Attom compared favorably in D-FW with other large metropolitan areas, Sharga said in an email.
Our analysis indicates Dallas is among markets that have seen higher than average permit activity, risking future oversupply. It'll likely see a price correction in near future.