Article: Home Loans And Mortgages ? One Third Of Homes In U.s. Overvalued
|
|
|
|
|
Home Loans And Mortgages ? One Third Of Homes In U.s. Overvalued
A new study by National City Corp. looked at home values for 299 American cities and compared them to where they ?should be? based on a number of economic factors that determine home prices. The results were not encouraging; homes in nearly one third of America were judged to be ?extremely overvalued.? That?s the part that?s getting headlines. A complete read of the report shows that things are even worse, as 100 cities in the U.S. have values judged to be too high by 18% or more. What does this mean?
It will come as no surprise to most people that the areas judged to be the most overvalued are in California, Florida, and New York and Massachusetts. Home prices in these states have increased at a rate that far exceeds the increases in salaries in these areas. When homes are ...
|
|
|
|
|
|
|
Home
|
Back To Articles Directory
|
|
|
Send your comments, Suggestions or
Queries regarding this site at roseindia_net@yahoo.com.
|
|
Copyright © 2006. All rights
reserved.
|
|