The Five Most Overvalued Housing Markets in America

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(added few years ago!)

Rapid price increases in real estate can result in certain markets becoming overvalued. Conversely, properties trending at prices lower than perceived market value can result in housing areas becoming undervalued recently explored the  in America, using research data collected by Fitch Ratings. The overvalued and undervalued markets compared home price trends against a set of common factors that measured local markets (unemployment rates, population growth, mortgage rates, and so on). The study revealed interesting trends in market values, especially for overvalued housing markets, four out of five of which are in California. The spike in home prices in major California markets can be attributed to a historically low inventory. Here are the five most overvalued housing markets in America:

Tags : The, Five, Most, Overvalued, Housing, Markets, America

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