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