Home prices are slowing to a sustainable pace, expert says
According to Trulia’s Chief Economist Jed Kolko, home prices now are 3 percent undervalued, and just seven out of the 100 largest metros are more than 10 percent overvalued.
Oct. 1, 2014
Kolko argues that “a bubble should not be our top housing worry today…prices are slowing to a sustainable pace and staying within striking distance of normal.” Instead, it is weak construction numbers and subpar young-adult employment that are the housing market recovery’s big red flags.
