Equity gains remain strong for current homeowners and prospective homebuyers can get a little breather knowing that prices are slightly more stable, according to the latest monthly report from Florida Atlantic University and Florida International University.
"All in all, these are good signs for the housing market," Eli Beracha, Ph.D., director of FIU's Hollo School of Real Estate, said in prepared remarks.
Many areas across the country are seeing premiums decline, moving toward stabilization, according to the report, which showed that eight out of the 10 most overvalued housing markets have "started to edge back down toward their long-term pricing trends, according to January data from the Top 100 U.S. Housing Markets.
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