By Samantha Sharf | Forbes
This is the first of a two-part story on the metropolitan areas offering the best and worst value for home buyers. Click here for our list of the most undervalued markets.
In a city with rising incomes and declining unemployment, it stands to reason that home prices would go up as well.
Such is the case in San Antonio. Incomes in the Texas city grew 4.5% between the first quarters of 2016 and 2017, nearly a percentage point more than the national average.
The problem is home prices were even hotter.
“Home prices are rising because demand presently outstrips supply. Coincidentally, incomes are expected to rise more significantly in the near future because of a lack of workers. Phoenix-area prices are likely to continue to expand with demand over the next few years.”
~Jim Belfiore
