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Home Prices Rising, 'overvalued' In Many Cities: Corelogic

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Mike Kennedy

Elite Member
Joined
Sep 28, 2003
Professional Status
Certified Residential Appraiser
State
New York
Home Prices Rising, 'Overvalued' in Many Cities: CoreLogic
Home prices were 7 percent higher in August than at the same point last year, and homes in a third of the nation's cities are considered "overvalued" – including those in Denver; Nashville, Tennessee; and Austin, Texas – according to research firm CoreLogic, MBA NewsLink reported Oct. 4. > FULL STORY




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P.S. the Bull$eye Lives.......
 

jay trotta

Elite Member
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Feb 8, 2004
Professional Status
Certified Residential Appraiser
State
Connecticut
What happens when you control big data ? Overvalued housing

What happens when you control big data ? Undervalued housing

What happens when you follow the yellow brick road ?
 

Restrain

Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
If unusual factors are influencing values (flipping, liar loans, etc) as opposed to the actual market (willing buyer/willing seller), then the market can be said to be overvalued. Otherwise, the market is the market.
 

DCFjay13

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Oct 31, 2016
Professional Status
Certified Residential Appraiser
State
Ohio

Tom Woolford

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Nov 20, 2005
Professional Status
Certified Residential Appraiser
State
Florida
I've been concerned about this for quite a while now. In the established areas, investors are running things up again, while in the growth areas, spec builders are slowly raising prices, not to keep up with the market, but essentially make the market. Just like last time. I will not use builder sales as they represent a manipulated artificial market.
 

Mark K

Elite Member
Joined
Jan 27, 2004
Professional Status
Certified Residential Appraiser
State
Indiana
Apparently some people can't see past a perceived 'bullseye' and don't understand that "over/under valued" markets have NOTHING to do with a bullseye.

Otherwise, the market is the market.

This is the best explanation. Markets change. Sometimes they go up; sometimes they go down. Sometimes they change faster, sometimes slower, than a computer model can account for. That's their nature. Should not be a difficult concept to grasp.
 
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