you know the rule of real estate
location Location Location but in the US
after years of housing market struggles
prices are ramping up and there are
fewer and fewer locations where buyers
can get bang for their buck experts say
don't call it a bubble because there are
still deals to be found but
overvaluation is becoming an issue
according to real estate analytics firm
CoreLogic and overvalued a home market
is one in which home prices are 10
percent or more above what's considered
affordable and that's defined by per
capita income in the area and this over
valuation problem is really an issue of
supply Builders are not building enough
homes for the lower and middle parts of
the market and they're really focusing
on the upper end of the market where
they're building a lot of homes because
there's good margins in that part the
most overvalued market in the country
Austin Texas home prices have surged a
staggering 42 point three percent over
what is considered affordable want to
live elsewhere deep in the heart of
Texas well prepare to dig deep in the
heart of your wallet home prices in
Houston and San Antonio also make the
list in Philadelphia home prices have
risen faster than almost any other city
in the country since last year in prices
in the City of Brotherly Love clock in
at fourteen point three percent over
affordable levels the nation's capital's
population has risen by about eight
hundred thousand over the past ten years
but Washington DC's housing inventory
hasn't caught up and that's pushed
housing prices to about nineteen percent
above the affordability level and it's
not just larger metropolitan areas that
make the list in Tennessee Knoxville
home prices have soared over the past
several years and in Nashville potential
homebuyers are singing the blues facing
a housing market that's 12 percent over
what qualifies as affordable
you