The San Francisco Bay Area housing market has seen values that have risen to unsustainable levels, according to Fitch Ratings.
Housing prices in San Francisco hit an all-time high in the third quarter, and are 62% higher than their post-recession low in early 2012, Fitch said.
As an end result, Fitch said that the prices are not supported by the area's income.
"The last time the Bay Area experienced this kind of home price growth was during the dot-com era of 1997 to 2000," said Grant Bailey, managing director at Fitch.
Some markets in Florida and Texas are in danger of getting too hot and outpacing sustainable growth rates.
