Housing Bubble Looms In Denver, Houston, Miami, And Washington D.C.

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CoreLogic found that the markets are overvalued

August 02, 2017
house in houston

New construction in Houston. Photo: sandrafdzh/Pixabay

Prices continue to rise in a few of the nation’s hottest markets, suggesting that a bubble may be forming.

Through a report from CoreLogic, CNBC says that prices in Denver, Houston, Miami, and Washington, D.C. have exceeded sustainable levels.

CoreLogic compared current prices to their long-run levels, considering a market to be overvalued if prices are 10 percent higher than usual.

Home prices were up 6.7 percent nationally in June compared to last year.

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