CoreLogic: October home prices up 7 percent year-on-year, but 36 percent of 100 top metro areas over-valued

October home prices nationally were up 0.9 percent from September and by 7 percent year-on-year. Looking ahead, the CoreLogic HPI Forecast indicates that home prices will increase by 4.7 percent on a year-over-year basis from September 2017 to September 2018.

According to CoreLogic Market Condition Indicators (MCI) data, 36 percent of cities have an overvalued housing stock as of September 2017. Also, as of September, 28 percent of the top 100 metropolitan areas were undervalued and 36 percent were at value.

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