The number of overvalued housing markets in the second quarter of 2015 doubled from the first quarter to reach 14, according to CoreLogic’s Market Condition Indicators.
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Report Finds that Seven Housing Markets are Overvalued and Four are in Texas
Although home prices have continued to rise at a slow pace for most markets, they are still at normal price levels or undervalued, according to the CoreLogic Market Condition Indicators. However, Mark Liu, principal economist at CoreLogic identified that seven of the top 100 metropolitan markets—four in Texas alone—have been identified as being overvalued, an increase from four markets in October 2014.
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