Home News These Are the Top 10 Most Overpriced Housing Markets in the US

These Are the Top 10 Most Overpriced Housing Markets in the US

by admin
0 comment
  • Buying a home Finally cool downBut you can still check where the buyer fired the most.
  • The data come from Monthly study From Florida Atlantic University and Florida International University
  • It calculates the most “overrated” housing market out of 100 cities in the United States.

Housing market Looks like it’s slowing downHowever, according to one survey, we can still see the latest data showing where buyers are “overpaying.”

A Monthly data drop At the end of last month, Florida Atlantic University and Florida International University calculated where homebuyers in up to 100 cities in the United States are spending a fortune.

Use the April data to calculate where buyers are paying the largest “premium” for their homes.

RealEstate Agent.com offers real estate insurance premiums, “Expected actual price.. ”

“The high cost of housing across the country is incurred in once remote markets and major metropolitan areas.” release Added.

Cities like New York and San Francisco list because they are expensive, “because these two metro homes are sold relatively close to where they should be, based on historical trends.” Not at the top of.

The top 10 cities that these researchers calculated that buyers are most overpaying are: Percentages reflect how “overvalued” each market is.

1. Boise, Idaho: 72.64% overrated

Boise Idaho

Anna Gorin / Getty Images

Boise A popular destination for Californians and apparently millennials.. As a result, home prices have skyrocketed and Bloomberg has begun to level off a bit. report..

2. Austin, Texas: 67% overrated

Austin Texas

Ryan Kite / Getty Images

A real estate consultant, Nicholas Gerli, Calculated Austin housing costs have risen 93.5% over the last two years, Insiders reported earlier. He got the numbers by measuring how much the annual home payments increased, using mortgage payments and property tax increases.

Austin was desirable Relocation spots for high-tech companies For many years.

3. Ogden, Utah: 64.73% overestimated

Ogden Utah

mandicoleman.com/ Getty Images

Ogden is about 40 miles from Salt Lake City.

4. Las Vegas, Nevada: 61.48% overrated

Las Vegas, Nevada.

Las Vegas, Nevada.

Sean Pavone / Shutterstock

Sightseeing in Las Vegas suffered in the early parts of the pandemic, But the housing market was booming.. It’s just getting started, Fox5 Reported on Tuesday.

5. Atlanta, Georgia: 58.01% overrated

Atlanta, Georgia has a midtown skyline in the background.

A house in Midtown, Atlanta, Georgia.

novikat / Getty Images

In Atlanta, from March 2021 to March 2022, Median home prices have risen 22%.

6. Phoenix, Arizona: 57.94% overrated

Phoenix, Arizona

Lightvision, LLC / Getty Images

For years, Phoenix has been It is becoming more and more popular with young people seeking a warm climate all year round.

7. Provo, Utah: 57.02% overrated

Downtown Provo, Utah

Denis Tangney Jr / Getty Images

This is another small city near Salt Lake City.

8. Fort Myers, Florida: 56.26% overrated

Fort Myers, Florida

Fort Myers, Florida

Gabriele Maltinti / Shutterstock

Many western locales, Phoenix When BoiseMany dissatisfied East Coasters, saw the influx of former California residents Flocked In various market homes or purchased Florida During a pandemic.It’s still happening, New York Post report..

9. Spokane, WA: 56.25% overrated

Spokane Washington

Kaiai Serine / Getty Images

According to Gerli’s analysis, the average home payment in Spokane, Washington is It increased by 72.5% from 2020 to 2022. Alisha Benson, a non-profit Greater Spokane Told KXLY People enjoy the atmosphere of the small town. “We’re big enough, but small enough,” she said.

10. Salt Lake City, Utah: 55.75% overrated

Salt Lake City, Utah

Darwin Fan / Getty Images

Salt Lake City also saw the influx of Californians, KSL report.

You may also like