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

 

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.

 

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. --

 

"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?

 

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

 

I guess its better then Deleware?