어스틴 (오스틴) 텍사스 부동산 뉴스 & 소식 (주택, 집, 콘도, 타운홈, 상업용 부동산)
Most overvalued housing markets (CNNMoney.com)
Most overvalued housing markets
Latest analysis of 299 markets: See how your hometown ranks.
By Les Christie, CNNMoney.com staff writer
January 3, 2006: 2:33 AM EST
NEW YORK (CNNMoney.com) - Sixty-five of the nation's 299 biggest real estate markets are severely overpriced and subject to possible price corrections.
That's according to the latest (third quarter) Housing Market Analysis conducted by National City Corp, a financial holding company, in conjunction with Global Insight, a financial information provider.
The report named Naples, Florida as the most overvalued of all housing markets in the United States. A single-family, median-priced home there sells for $329,970, 84 percent more than what it should cost -- $180,956 -- according to the analysis.
National City arrives at its estimates of what the typical house in these markets should cost by examining the town's population densities, local interest rates, and income levels. It also factors in historical premiums and discounts for each area.
Other markets deemed wildly overpriced included Merced, California (by 77 percent), Salinas, California (75 percent), and Port St. Lucie, Florida (72 percent).
Undervalued markets were College Station (-23 percent), El Paso (-18 percent), and Killeen (-16 percent), all in Texas. That state dominated the discounted markets list with nine of the 10 most undervalued housing markets. Montgomery, Alabama was No. 8 among the undervalued markets.
The data did produce some evidence of prices moderating, according to National City's chief economist, Richard DeKaser.
In Massachusetts, for example, one of the hottest of housing markets over the past few years, each of the seven housing markets analyzed was still overvalued. Prices, however, had fallen in all seven. That would indicate the state is trending back toward normal valuations.
The same could not be said of Florida. The Sunshine State had 15 different markets on the list of extremely overpriced metro areas and all 15 had grown more overpriced during the quarter.
Amidst all these hot and cold markets there were a few judged, like Goldilock's porridge, "just right." They included Albuquerque New Mexico, Dayton Ohio, and Omaha Nebraska. In all those towns actually selling prices closely tracked the expected values.
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Area housing market still hot
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2006.12.22
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어스틴 부동산 전래 없는 호황기!
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2006.12.08
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Habitat for Humanity gets funds from Travis County
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2006.12.07
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2006.12.02
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A Joyful December .. Christmas at Hyde Park
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2006.12.02
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Views 2128
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122 |
St. Luke Winter Art Fair 오픈
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2006.12.02
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Views 2073
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Area housing market still sizzling
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2006.11.30
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Views 2153
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Tapestry Dance Co. prancing into new digs, may buy building
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2006.11.21
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119 |
CEOs of Trammell Crow, CBRE want to reinvent the industry
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2006.11.21
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Online video firm lands $7 million
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2006.11.21
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Blackstone to buy Equity Office (Austin Business Journal)
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2006.11.21
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Views 2225
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admin | 2006.11.21 | 0 | 2225 | |
116 |
오스틴시 최초의 월 마트 2층 현대 스타일 슈퍼 센터 오픈 예정
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2006.11.15
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Views 2166
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admin | 2006.11.15 | 0 | 2166 | |
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똑같은 집이 샌프란시스코 13억, 텍사스 1억 3천만원?
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2006.11.03
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Site Selection mag ranks Texas No. 2
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2006.11.03
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Views 2040
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admin | 2006.11.03 | 0 | 2040 | |
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‘세일즈 텍스와 비즈니스 매입’
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2006.11.03
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Views 2780
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admin | 2006.11.03 | 0 | 2780 |