Do you fear a bursting bubble?

Fifty-three metropolitan areas representing 31% of the total U.S. housing market are considered extremely overvalued and confront a high risk of future price corrections, a study conducted by National City Corp. says. The study determines a market extremely overvalued if prices are 30% above where the study estimates they should be based on historic price data, area income, mortgage rates and population density.

http://www.usatoday.com/money/perfi/housing/2005-08-17-housing-valuations.htm Question Who's Online | Find Members | Private Messages
Questions
Quizzes
Articles
My Journal
Forums
Answer Questions | Question Comments | My Questions | Favorites | +Add Question
LATEST
POPULAR PRIORITY RANDOM

All | Games | Funny | Entertainment | Quizzes | Weird | Tech | People | Arts/Lit | News | Science | Sports | Places | Misc

1,069 hits 4.0 (1 vote) Share Favorite | Flag 14 years ago by KikiPeepers

Do you think most of the housing in your area is over-priced?
Do you fear a bursting bubble?

Fifty-three metropolitan areas representing 31% of the total U.S. housing market are considered extremely overvalued and confront a high risk of future price corrections, a study conducted by National City Corp. says. The study determines a market extremely overvalued if prices are 30% above where the study estimates they should be based on historic price data, area income, mortgage rates and population density.

http://www.usatoday.com/money/perfi...


Put This Question on Your Page (MySpace, Livejournal, Blog, etc)
[Preview] EMBED CODE:


Prev 1 2 3 4 Next (showing 1-25 of 79)

Bottom Last Post

14 yrs ago, 3 mos ago - Monday 9/5/05 - 9:38:42 PM EST (GMT-5)
14 yrs ago, 3 mos ago - Monday 9/5/05 - 9:40:06 PM EST (GMT-5)
No, its very cheap where I live. Mainly because its a poverty stricken area.
14 yrs ago, 3 mos ago - Monday 9/5/05 - 9:48:54 PM EST (GMT-5)
Yes! It's a huge bubble here.
14 yrs ago, 3 mos ago - Monday 9/5/05 - 10:02:29 PM EST (GMT-5)
A cheap house is $400,000 here.
14 yrs ago, 2 mos ago - Friday 9/16/05 - 12:52:39 PM EST (GMT-5)
Not particularly
14 yrs ago, 2 mos ago - Friday 9/16/05 - 8:09:51 PM EST (GMT-5)
The Phoenix Arizona area? yep. Real Estate prices are skyrocketing.
14 yrs ago, 2 mos ago - Friday 9/16/05 - 8:17:21 PM EST (GMT-5)
When we built our house 10 years ago, in total for land and house it cost around $130,000. Nowdays the land alone here is being sold for $100,000 and the houses are being sold for $200,000 and upwards. And people thought we were nuts moving out here...they called it the end of the earth! HA!
14 yrs ago, 2 mos ago - Friday 9/16/05 - 8:43:34 PM EST (GMT-5)
Hell yes!
14 yrs ago, 2 mos ago - Friday 9/16/05 - 8:50:47 PM EST (GMT-5)
Hell yes Washington state is very expensive.
14 yrs ago, 2 mos ago - Friday 9/16/05 - 8:52:45 PM EST (GMT-5)
I live in the 9th richest county in the US.
What do you think?
14 yrs ago, 2 mos ago - Friday 9/16/05 - 8:54:20 PM EST (GMT-5)
14 yrs ago, 2 mos ago - Saturday 10/1/05 - 6:54:07 AM EST (GMT-5)
Yes flats are like £550-£600 a month in some places here!
14 yrs ago, 2 mos ago - Saturday 10/1/05 - 7:13:46 AM EST (GMT-5)
The price of housing here is steadily increasing. You'd be lucky to find a decent 3 bedroom house for $400 000.
14 yrs ago, 2 mos ago - Saturday 10/1/05 - 7:28:40 AM EST (GMT-5)
On 10/1/2005 6:54:07 AM Ignorance wrote:
Yes flats are like £550-£600 a month in some places here!

When I say that I mean to rent! I never thought of actually buying a house.

14 yrs ago, 2 mos ago - Thursday 10/6/05 - 9:54:50 PM EST (GMT-5)
no, its around 80,000-100,000 for a decent house here. Its really not that high
14 yrs ago, 1 mos ago - Monday 10/17/05 - 2:24:08 PM EST (GMT-5)
the city lots where I live are too expensive.
14 yrs ago, 1 mos ago - Monday 10/17/05 - 2:57:30 PM EST (GMT-5)
oh god yes, all the city people want a house in the country now...
13 yrs ago, 11 mos ago - Wednesday 12/14/05 - 7:08:23 PM EST (GMT-5)
In Bethesda, MD (not where I live, but close), they are currently selling condo's for a little over one million dollars. It's crazy.
13 yrs ago, 11 mos ago - Wednesday 12/14/05 - 7:10:00 PM EST (GMT-5)
On 9/16/2005 8:54:21 PM i_love_ska wrote:
Well I'm the richest! http://money.cnn.com/2005/08/30/pf/city_...

Yup, my county is number 4.
13 yrs ago, 11 mos ago - Thursday 1/5/06 - 8:47:08 PM EST (GMT-5)
I would say so. They're packing in houses very tightly in some of the developments I live near. Despite less land and more cramping, developers are charging more money. A house could go for about $400,000 around here, maybe more.
13 yrs ago, 11 mos ago - Thursday 1/5/06 - 8:55:52 PM EST (GMT-5)
My county is #15
13 yrs ago, 11 mos ago - Thursday 1/5/06 - 9:09:02 PM EST (GMT-5)
According to that list, yes. #61 on that list which says that prices are 27% over what they should be.
13 yrs ago, 9 mos ago - Monday 2/27/06 - 11:54:20 AM EST (GMT-5)
My house is in a highly desirable part of town--homes in my neighborhood should retain their value rather well through any 'price corrections' that will hit areas where values were exceeding growth pace of their historical norms...
13 yrs ago, 9 mos ago - Sunday 3/5/06 - 9:13:18 PM EST (GMT-5)
Oh, hell yeah! Thats part of why I plan on moving to another city: so I can actually afford a house (not a condo, not a townhouse) at some point.
13 yrs ago, 9 mos ago - Sunday 3/5/06 - 9:13:45 PM EST (GMT-5)
Yes, I live in San Diego, housing is ridiculous.

Prev 1 2 3 4 Next (showing 1-25 of 79)



You need to be logged in to post a reply

New to YT? Create a Free Account ~ Have an Account? Log In

Top



10 Most Popular Questions Today
1 If a defendant is found `not guilty`, do you assume that they are innocent?

2 Should transgender people use the bathroom of the gender on their birth certificates, or by what gender they most look like?

3 Have you ever gotten a small loan of a million dollars?

4 Have you ever been in a fist fight before?

5 Is Rock and Roll here to stay?

6 Would you rather have no elbows or no knees?

7 Do you think Donald Trump will become the president of the United States?

8 Is Squidward`s skin color blue or green?

9 Has anyone from youthink ever been on Jeopardy?

10 Are you a dedicated follower of fashion?

More Questions
Friends
Daily Moment of Joy
Personality Quizzes
Funny Videos
I-Am-Bored.com
Free IQ Test
The Impossible Quiz
Intelligence Test
Relationship Test
Doodie Cartoons
 
Edit