Fourteen of the top 100 U.S. housing markets, in terms of home prices, are now “above the long-term fundamental value for that market”. CNBS insists that this is not a bubble, though in the opinion of this writer, the argument — that bubbles ultimately pop, and just because home prices are over valued doesn’t mean that they’re going to come down — is more than a little bit fallacious. Still, if you’re not in one of those 14 markets, then the fact remains that fundamentals indicate there’s still room for growth.
Theresa Springer’s Blog
14 of Top 100 Housing Markets Overvalued
September 16, 2015