Analysis: State’s housing market regains balance

Colorado’s housing market is already beginning its return to appropriate valuation, according a recent housing market analysis.
The analysis, conducted by National City Corp. and Global Insight, reviewed the top 299 metro areas to determine each area’s valuation. Of the seven Colorado metro areas reviewed, all of them where overvalued, but all of them had experienced decreases in the percentage of overvaluation from the previous quarter.
Greeley experienced the greatest percentage point decline with overvaluation dropping from more than 25 percent in the second quarter to 19 percent in the third quarter. The model-estimated value of a Greeley…