By Catherine Reagor, The Republic | azcentral.com
During 2012-13, median home prices jumped more than 65 percent in the Phoenix area, and that increase led some national housing analysts to place Phoenix on a bubble watch list.
But a new report from real estate website Trulia ranks far down the list of overvalued housing markets. Trulia compared current home prices with historical prices, incomes, and rents to determine if an area is overvalued.
Here’s how the top 10 ranked, and the percentage Trulia estimated home prices were overvalued: