These are the most overvalued — and undervalued — housing markets

If you're searching for a good deal on a home, the Midwest could be a good place to look. California, on the other hand, is the epicenter of overvalued housing markets. But it's certainly not alone. That's according to data from First American Financial Corp., which found the housing markets in several major metro areas are overvalued compared to the actual buying power of local residents. The analysis took income levels, home prices and interest rates into account to determine whether...