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Is the Housing Market Overheating?

As home prices continue to rise, certain housing markets are seeing a much faster appreciation of home values than others, making them overvalued. These markets, according to Frank Nothaft, Chief Economist, CoreLogic, "have had an especially rapid appreciation that put values above their pre-Great Recession peak, even after controlling for inflation."

Does this trend indicate an overheating housing market? According to The CoreLogic Market Conditions Indicator, 32 percent of MSAs in the U.S. were potentially ‘overvalued’ in March, with most of these metros being along the sea coast. Watch the following video where Nothaft explains what these numbers indicate, and if the housing market is heading towards a valuation bubble.

About Author: Radhika Ojha

Radhika Ojha, Online Editor at the Five Star Institute, is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Dallas, Texas. She can be reached at Radhika.Ojha@DSNews.com.

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