IE & OC SFR markets overvalued according to CoreLogic report

[Chad Aziz]

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"The housing stock in Orange County and the Inland Empire was “overvalued” as of August, while home values in Los Angeles County and the overheated San Francisco peninsula were not, according to a recent analysis by CoreLogic, an Irvine-based real estate data firm. "

"Rising home prices are expected to occur for at least another year. U.S. house prices are projected to rise 4.7 percent more by August 2018, CoreLogic reported. Still, the pace of market gains is showing signs of slowing down."