The steady rise in home prices is so far showing no boundaries, and that is turning up the heat on some already overheated housing markets.
Home prices rose 7 percent nationally in September, compared with September 2016, a higher annual increase than was seen in August, according to CoreLogic, a real estate data firm.
As a result, 48 percent of the nation’s top 50 housing markets are now considered „overvalued,“ up from 46 percent in August. A market is considered overvalued when home prices are at least 10 percent higher than the long-term, sustainable level. For the top 100 markets, 36 percent were considered overvalued.