U.S. markets that are most overvalued

MarketWatch cites Trulia data that shows Austin as having the most overvalued housing market in the country – at 19 percent.

Following Austin is Los Angeles (15 percent), Orange County (15 percent), San Francisco (12 percent) and Riverside-San Bernardino (11 percent). The data revealed that Austin is actually more overvalued in 2014 than it was in 2006, when it was only 2 percent overvalued. Seven of the top 100 metro areas are overvalued by more than 10 percent, the highest number since the first quarter of 2009.

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