Phoenix housing market among markets considered overvalued

Home prices in Phoenix and many other top markets are overvalued, according to the latest findings by the CoreLogic Home Price Index. The latest index, which details year-over-year prices from February 2017 to February 2018, finds only 36 percent of markets were considered at value in the top 100 metropolitan areas. Among the top 50 markets, 48 percent were overvalued, including Phoenix. In Arizona, and nationally, year-to-year home prices have grown 6.7 percent since February 2017. Neighboring…

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