BOULDER, Colo.—CoreLogic is reporting that its newest Market Condition Indicators, which evaluate whether individual markets are undervalued, at value, or overvalued based on a number of economic variables, have found that through August only four of the top 50 markets in the U.S. are currently overvalued.
Moreover, it said that despite national home price appreciation gains of 11% in 2013 and 6.5% this year, most markets are still recovering from the market collapse. The four markets it has identified as overvalued: Austin-Round Rock, Texas; Houston, The Woodlands, Sugar Land, Texas; Miami, Miami Beach, Kendall, Fla., and the greater Washington, D.C. market.