Housing Bubble Watch: Report Names 71 Metro Areas Significantly Over-Valued

RE:Housing Bubble Watch: Report Names 71 Metro Areas Significantly Over-Valued

Raj — Tue, 01 May 2007 11:00:00 GMT

Are Historical National average home prices available on some site?

RE:Housing Bubble Watch: Report Names 71 Metro Areas Significantly Over-Valued

Florida Real Esate Investor — Fri, 23 Feb 2007 13:00:00 GMT

I see Florida real estate market as a bargin and probably the best value in the country right now. Too many reporters are truely blind to the bigger picture. We have 78,000,000 baby boomers in this country on the verge of retirement and Florida population is expected to increase by 12,000,000 by the year 2030. That is the current population of Pennsylvannia today. Consider that impact. I could write an article about opportunities in Florida that would amaze you at no cost, just ask.

RE:Housing Bubble Watch: Report Names 71 Metro Areas Significantly Over-Valued

David Hoglund — Sat, 09 Sep 2006 11:00:00 GMT

I have lived in Orange County, San Diego, Las Vegas, Scottsdale, AZ, and Denver, CO. Now in in conserative place on the East Coast. From reading the tea leaves many have very much over extended themselves and no regulation to the financial or mortage industry. See the patterns overseas. This is dot.com 2, and those that are not prepared or financially astute should take head. Not domesday, but economics.

RE:Housing Bubble Watch: Report Names 71 Metro Areas Significantly Over-Valued

Appraiser in NW Florida — Thu, 06 Jul 2006 11:00:00 GMT

In NW Florida inventory is at a all time high. With inventories hovering around 3 times the normal level. Supply/Demand is out of balance and it is a buyers market. The estimate on the length of a downturn and the approximate drop in value in the report appears to be right on the money in NW Fl. Given the current inventory & absobtion rates it will take 18 months to move the current inventory off the market if no over houses come on the market. Thats not possible.

RE:Housing Bubble Watch: Report Names 71 Metro Areas Significantly Over-Valued

Andrew in Calif. mountains — Thu, 29 Jun 2006 11:00:00 GMT

Overvalued houses in California. Maybe. But then why aren't more people leaving behind the mild weather, awesome natural beauty and ecological diversity, and decent economy to live in the middle of Texas? Sure, Texas has its good points, but...

RE:Housing Bubble Watch: Report Names 71 Metro Areas Significantly Over-Valued

Joseph — Wed, 28 Jun 2006 11:00:00 GMT

It is interesting to note that the most overvalued locations are where many Americans and retirees would prefer to live. Therefore, the overvaluation is simply an indicator of desireability. If desireability holds up, so should the market value. The term overvaluation has its limitations.

RE:Housing Bubble Watch: Report Names 71 Metro Areas Significantly Over-Valued

Mike — Wed, 28 Jun 2006 11:00:00 GMT

Dallas values have seemed to shoot up in the first 6 months of the year. Seems to be somewhat consistent with the report of it being one of the largest cities that is undervalued. Probably has more to do with the fact that Texas is a great state to do business in and more and more people continue to move this way.

RE:Housing Bubble Watch: Report Names 71 Metro Areas Significantly Over-Valued

Dan — Sun, 25 Jun 2006 11:00:00 GMT

hmmm....so the 2nd derivative of price wrt time is negative in these overvalued markets? It seems somewhat trivial that the simple rate of change (1st derivative) remains positive. And with home prices:income ratios at historic highs in most areas (6:1 in mine, Boston/Cambridge), the incoming generation entering the housing market with historically unprecidented student loan debt, and interest rates at or near historic lows, what factor, precisely, is going to drive prices up if *I* buy?

RE:Housing Bubble Watch: Report Names 71 Metro Areas Significantly Over-Valued

M Workens — Tue, 20 Jun 2006 11:00:00 GMT

Builders stop building when there is no demand. Banks turn down loans if there is no demand. People stop buying homes because they read the news!

RE:Housing Bubble Watch: Report Names 71 Metro Areas Significantly Over-Valued

Bob Shoemaker — Tue, 20 Jun 2006 11:00:00 GMT

Appears the criteria established for this report forgets the most basic of market value principles, the law of supply and demand. Residential appraisals of real estate are based primarily on SOLD comparable properties. If the sellers(supply) of these properties can command higher prices they will. If the buyers (demand) control the market the sellers won't get the higher price. One of the few markets left the analyists, accountants and boards of directors can't control.

RE:Housing Bubble Watch: Report Names 71 Metro Areas Significantly Over-Valued

M Workens — Mon, 19 Jun 2006 11:00:00 GMT

Housing bubbles and where else can the book writers focus on going forward? How about, Federal Reserve - What are THEY thinking??????

Look, this is better. We may see some areas of the country a LITTLE over valued, but that is the normal wave of business and business patterns. People move and people stay with movements in economies and generational movements. Anyone remember the baby boomers? These BB's are buying houses in the $600's AFTER retirement, and the kids of these BB's, (even if that real estate drops in half) will still be Millionaires. People, why are we trying to STOP business and people from moving forward by saying that values are dropping? Agreed with a reader that noted the Deflationary or Hyper Inflationary scenario!!!

But even then, the US has more safety nets in place for the banking and financial markets than we ever used to, it would be pretty remarkable if we see any real "crisis" in the markets.