Top 10 Overpriced Communities in USA (and the Bottom 10)
December 29th, 2005 • Related • Filed Under
National City Corp has conducted a survey of the most overpriced housing markets in the United States. It looks like parts of Texas have the best buys available, and California and Florida are the communities that are most likely to have a correction.
| Naples, FL | +84% |
| Merced, CA | +77% |
| Salinas, CA | +75% |
| Port St. Lucie, FL | +72% |
| Stockton, CA | +72% |
| Madera, CA | +70% |
| Santa Barbara, CA | +70% |
| Modesto, CA | +67% |
| Napa, CA | +65% |
| Riverside, CA | +65% |
The 10 markets that are most undervalued include:
| Longview, TX | -11% |
| Odessa, TX | -12% |
| Montgomery, AL | -12% |
| Houston, TX | -14% |
| Fort Worth, TX | -15% |
| Beaumont, TX | -15% |
| Dallas, TX | -16% |
| Killeen, TX | -16% |
| El Paso, TX | -18% |
| College Station, TX | -23% |
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. via CNN
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
I see the question I have, but no response. I do not have a for sale sign up ...
I'll add mine to the list too. This is happening in Kansas City, Missouri as well now.
We already knew ...
I truly feel that the real estate market will not see a rise or increase until the national economy starts ...
I am currently sitting on an international hedge fund that is investing 100% of an income generating property. Proof ...
Here is one from last week claiming thier son died. Sick.
Good Day,
Please excuse my late reply but I couldn't respond ...
I received the same "Lagos,Nigeria for an international Christian follower’s crusade" email as the post above for a rental place ...
FINALLY, someone agrees with me about the constant traffic problems in the DC metro area. The main problem...archaic freeways and ...
would also be interested in buying houses please contact me thank you ..richard 
