Real Estate Culture
  • Home
  • What is My Home Worth?
  • About
  • Contact

Real Estate is a LIFESTYLE

  Real Estate is indeed a lifestyle.  From contemporary layouts & interior design/decor, the rise and fall in economic markets, turn key and rehab properties - to know & understand the grit of real estate is to love what it represents.  Home.  Value.  Wealth.  Security blanket.  Personal accomplishment.  
Enjoy the information on this site, and refer your family and friends to indulge in Real Estate Culture!

More Housing Markets are Overvalued, and Consumers Feel the Pain #realestate #homeownership #investment

1/23/2018

0 Comments

 
Picture
Source:  CNBC

The steady rise in home prices is so far showing no boundaries, and that is turning up the heat on some already overheated housing markets.  Home prices rose 7 percent nationally in September, compared with September 2016, a higher annual increase than was seen in August, according to CoreLogic, a real estate data firm.

As a result, 48 percent of the nation's top 50 housing markets are now considered "overhauled," up from 46 percent in August.  A market is considered overvalued when home prices are at least 10 percent higher than the long-term, sustainable level.  For the top 100 markets, 36 percent were considered overvalued.

Las Vegas, Denver, Los Angeles, Miami and the New York-New Jersey metropolitan area are all considered overvalued.

By comparison, these pricey markets, Boston, San Francisco and Chicago, are considered at-value based on long-term price sustainability.

0 Comments



Leave a Reply.

    Archives

    December 2018
    July 2018
    February 2018
    January 2018
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016

    Categories

    All

    RSS Feed

© COPYRIGHT 2015. ALL RIGHTS RESERVED.
  • Home
  • What is My Home Worth?
  • About
  • Contact