Almost half of top US housing markets are 'overvalued' -Corelogic

[Joseph M.]

According to Corelogic , almost half of top US housing markets are 'overvalued"

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At the end of July, of the top 50 markets, based on housing stock, 46 percent were overvalued, according to CoreLogic.

A market is considered overvalued when home prices are at least 10 percent higher than the long-term, sustainable level. On the flip side, 16 percent of markets in the report were listed as undervalued and 38 percent came in fairly valued.

https://www.cnbc.com/2017/09/05/almost-half-of-top...

[Joseph M.]

@Leah Suter yeah $3-4 million .. then another million or so to renovate it and make it livable . 

L.A prices are crazy enough but NYC prices are really crazy.