Your housing market overvalued?

[Steve19]

CNN Money is reporting a newly released report on metropolitan housing markets and the price of houses.

Columbus is just about right at +2% above expected prices. Honolulu (nothing for Mililani) is 30%+ and California seems vastly over-rated for prices. Wait a minute... Oh, never mind, just check out your housing market!

http://money.cnn.com/2005/12/29/real_estate/buying_selling/handicapping_housing_markets/index.htm?cnn=yes

 

[Deety]

Nice find, Steve. Looks like I did the right thing buying in my last location and renting here.

 

[iambrutus]

+8% in ytown

 

[LoKyBuckeye]

Sarasota is +56%... not really a suprise as most of Florida is bad.

 

[BuckBackHome]

Grand Rapids, MI is +14%, which surprises me that it is double-digits. How in the hell can Flint, MI be +26%? There is nothing there.

 

[RugbyBuck]

CNN Money is reporting a newly released report on metropolitan housing markets and the price of houses.

Columbus is just about right at +2% above expected prices. Honolulu (nothing for Mililani) is 30%+ and California seems vastly over-rated for prices. Wait a minute... Oh, never mind, just check out your housing market!

http://money.cnn.com/2005/12/29/real_estate/buying_selling/handicapping_housing_markets/index.htm?cnn=yes

How's the Capetown market, Steve?

 

[Deety]

I find it ridiculous that my brother's house sold for twice the purchase price in just around 3 years. He's hoping to ride the trend a little more... purchased a house further out in the direction of new growth as DC and Richmond merge into one large mess. Hopefully it works. I told him I might have to invest in his living room. :)

 

[OSUsushichic]

Boston is +18. I'm surprised it's not higher, esp since Providence's is +30 something.

 

[NewYorkBuck]

Boston is +18. I'm surprised it's not higher.

Dont worry - it is......

 

[SanAntonioBuck]

San Antonio is -11% Damn, scUM came into town and did this!

 

[Steve19]

How's the Capetown market, Steve?

Probably pretty fairly valued. Lots of foreign demand for upmarket housing, which is still pretty cheap compared to other overseas locations.

Here's a report on trends in the market, but doesn't address valuation like the CNN Money report. http://www.sahometraders.co.za/news/news_article.asp?nid=28

 

[Steve19]

San Antonio is -11% Damn, scUM came into town and did this!

That's good, bro! There's upside potential!

 

[BuckBackHome]

San Antonio is -11% Damn, scUM came into town and did this!

They are gone, so it should rebound nicely.

 

[Thump]

Sarasota is +56%... not really a suprise as most of Florida is bad.

I continue to totally misunderstand why people continue rebuilding along the coast.

The kick in the nuts is, I end up paying for it when my insurance goes up b/c of the insurance companies taking a hit in Florida.

 

[LoKyBuckeye]

I continue to totally misunderstand why people continue rebuilding along the coast.

The kick in the nuts is, I end up paying for it when my insurance goes up b/c of the insurance companies taking a hit in Florida.

This area has not had a direct hit by a hurricane in +40 years. Charlie and Wilma came close over the last two years but there was hardley any damage... that's why this area is popular. I'm suprised North Port isn't on there... it's between here and Naples and it's where a ton of the growth is... lots of land were going for 5K at this time last year and now you can't find one for less than 45K.