banzaitoyota

http://money.cnn.com/2005/12/29/real_estat...rkets/index.htm



Other markets deemed wildly overpriced included Merced, California (by 77 percent), Salinas, California (75 percent), and Port St. Lucie, Florida (72 percent).





Discuss

Rob x-7

Florida used to be the place you could retire to and live like a king



good thing I am only 43% over! I would only worry if you JUST bought a home, if you have been in it a few years your still set even when it falls a bit.

Amy

Insanity but true... Most of it in Florida for what they call overpriced happened in the last year -- ours is close to right on for being 72% under market right now and we bought like 18 months ago. -- but 3 years before that our house would have gone for less than 1/3 of it's current value so it's been an aggressively outgrowing itself... when we bought average house on the market for PSL was like 3 days tops (not joking) - and a year or better waiting list for a new house.. now in our neighborhood say 6 streets prolly 20 houses or so a street and two side streets has over 6 houses for sale that have been for sale for months -- and several empty houses just sitting. It has gotten to where a normal Couple - yes two incomes could not afford a new home here, on the current pay scale. I would say we're in for a change especially with interest rates going up on arms and investors wanting to sell in a once hot now stagnated market... Shall be interesting to see what happens here. --

j9fd3s

"In Massachusetts, for example, one of the hottest of housing markets over the past few years..."



why on earth would you live in MA on purpose?

sweet7

I for one am kinda partial to MA. Or maybe just Boston, I dunno.

Rob x-7

I guess its better then Deleware?