CoreLogic found that the markets are overvalued
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.