Cheapest, priciest & fairest markets
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PostPosted: Thu, Feb 17 2005, 11:50 pm EST    Post subject: Cheapest, priciest & fairest markets Reply with quote

Cheapest, priciest & fairest markets
In some markets, housing prices are too hot. In some, they're too cold. And others are just right.


NEW YORK (CNN/Money) - Like politics, all real estate is local. The national housing market includes both go-go markets with soaring home values and tamer areas.

A study of the 99 biggest housing markets in the United States has sorted out which is which.

The report, by National City Corp., a financial holding company, reveals the extent to which these markets were overheated, underheated, and just right. (See Are you living in a bubble?)

National City found that California was home to the top seven most overvalued real estate markets, with the city of Chico leading the way. A buyer pays a 43 percent premium there.

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