Top 10 US cities at risk of a housing bubble

For starters, there's some good news: The U.S. is nowhere near another housing bubble (and subsequent burst) or financial crisis (at least in the realm of the housing market).

However, this doesn't necessarily mean that there isn't any risk of inflation in housing markets in certain cities around the country.

SEE ALSO: The 13 worst US cities for first-time home buyers

It's no secret that living in a highly desirable or top-rated city these days can be extremely costly, with city names like "San Francisco" and "Manhattan" becoming nearly synonymous with "too expensive".

Jonathon Smoke, chief economist at Realtor.com, analyzed and researched 50 major housing markets in the country (using data from 2001 to 2015) to see which markets may be the most at risk of a bubble.

It's a classic case of what goes up must come down – housing prices in these cities are soaring, and eventually, they'll begin to slow down and drop (when the prices reach a level where they become so expensive they're unaffordable).

Think you can guess which cities are at risk? Here are the top 10 US cities at risk of a housing bubble:

It's no surprise that two Silicon Valley hotspots cracked the top 10, but unsuspecting that New York didn't make the cut.

Other cities, like Salt Lake City and Dallas, have very hot and up and coming markets, which factored heavily into their rankings.

Still not sold on where you want to live? Check out the top 20 safest cities in the US:

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