The North Texas real estate market is among the safest in the county, with a low risk of price decline, according to the latest analysis by the PMI Group, a mortgage insurer.

“If there is a bubble, I don’t think it’s here,” said Mary Frances Burleson, president of Ebby Halliday Realtors.

The report showed the home price risk for Dallas to be only about a third of the national average.

“There are a number of reasons why none of the cities in Texas are threatened by the bubble,” said Jim Gaines, an economist with the Real Estate Center at Texas A&M University. “Our housing markets are in good shape.”

Other cities among the safe group include Pittsburg, Columbus and Nashville. The coastal markets, especially in California, are at the highest risk of a price slide, PMI analysts said.

Markets with the most and least risk of a home price decline were determined by analyzing price appreciation, economic growth and affordability.

Source: dallasnews.com