The Real Deal New York

America’s most overvalued and undervalued housing markets

Tri-State area's Hartford, New Haven markets among locales with most undervalued homes
By Business Insider | March 25, 2014 04:50PM

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:

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.

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