Overheated Real Estate markets

[Marc Jolicoeur]

Mark Liu at Corelogic recently wrote that the following 7 markets are overheated as of this year second quarter.   His definition is a market that is more that 10% higher than of the long run sustainable level based on local economic factors.

1) Austin

2) Houston

3) Charleston

4) Miami

5) Washington DC

6) Dallas

7) San Antonio

See article here:

http://www.corelogic.com/blog/authors/mark-liu/201...

What do you all think?  Is it time to sell in these markets?

I'm trying to find the entire list of 100 metros and their rankings from overvalued and undervalued.  If I find the data, I will post it here. Would be interested to see where my Minneapolis ranks.