Most Over and Undervalued Home Markets in America

Michelle Meyer, a (very good) economist at Bank of America Merrill Lynch, takes a look at the most and least overvalued real estate markets in the US circa now. I believe that disposable income per capita is an important consideration here…

The recovery in home prices has been impressive. National home prices have increased 24% from the trough and the most recent data for December suggests 2014 ended with prices up 4.6%. The improvement was driven by those markets with the steepest drop, such as Las Vegas, Phoenix and Los Angeles. The old adage proved true – the sharper decline, the faster the snapback. The gain in home price appreciation has since slowed in these regions as the markets move further away from the crisis period and are less influenced by distressed activity. This means that we should once again focus on the fundamental drivers of home prices – income growth and overall affordability.

Screen Shot 2015-03-02 at 5.55.38 AM

Source:

US Economic Weekly
Bank of America Merrill Lynch – February 26th, 2015

What's been said:

Discussions found on the web
  1. taxi cheltenham to birmingham airport commented on Sep 17

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2015/03/02/most-over-and-undervalued-home-markets-in-america/ […]

  2. www.snacd.com commented on Sep 25

    … [Trackback]

    […] Here you can find 65930 additional Information to that Topic: thereformedbroker.com/2015/03/02/most-over-and-undervalued-home-markets-in-america/ […]

  3. blazing trader reviews commented on Sep 27

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2015/03/02/most-over-and-undervalued-home-markets-in-america/ […]

  4. 토토 commented on Oct 17

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2015/03/02/most-over-and-undervalued-home-markets-in-america/ […]

  5. cum se curata commented on Oct 30

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2015/03/02/most-over-and-undervalued-home-markets-in-america/ […]

  6. what is digital transformation commented on Nov 13

    … [Trackback]

    […] Find More Information here to that Topic: thereformedbroker.com/2015/03/02/most-over-and-undervalued-home-markets-in-america/ […]

  7. td easy login commented on Nov 22

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2015/03/02/most-over-and-undervalued-home-markets-in-america/ […]

  8. av노리 commented on Nov 29

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2015/03/02/most-over-and-undervalued-home-markets-in-america/ […]

Read this next.