Wednesday, July 26, 2006

Is Your Home Overpriced?

Check out this article and spreadsheet from CnnMoney.com regarding housing prices.

I'd hate to be living in CA.....it takes up 9 out of the top 10 overpriced markets.

-The Washington DC/Arlington market is 37% overpriced according to CnnMoney.com.

-Virginia Beach-Norfolk comes in at 16% overpriced.

-The Richmond market comes is at 7% overpriced but is still considered a fair value.

If your looking for a deal, you will need to move to Texas. El Paso comes in at 26% undervalued.

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