search

The Real Deal Logo

Trending

H-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomTrump accused of making false statements about $50M Chicago tower loanTrump accused of making false statements about $50M Chicago tower loanLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loan
New York

America’s most overvalued and undervalued housing markets

Tri-State area's Hartford, New Haven markets among locales with most undervalued homes

We got a ton of housing data this morning.

In his preview, Trulia chief economist Jed Kolko lists the most overvalued and undervalued housing markets, which is a measure of current price levels against fundamentals like incomes, rents, and historical price paths.

Here are the markets getting close to overheating:

Note: Positive numbers indicate overvalued prices; negative numbers indicate undervalued, among the 100 largest metros.

Note: Positive numbers indicate overvalued prices; negative numbers indicate undervalued, among the 100 largest metros. (Trulia)

Sign Up for the undefined Newsletter

And here are those underperforming. Detroit and Chicago both had double-digit price gains last year. Detroit, of course, remains mired in the largest municipal bankruptcy case in U.S. history.

Note: Positive numbers indicate overvalued prices; negative numbers indicate undervalued, among the 100 largest metros. (Trulia)

And for good measure, here’s their bubble chart for the 100 largest metros. Starting to creep higher.

Note:

(Trulia)