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Posted: Thu, Feb 17 2005, 11:50 pm EST Post subject: Cheapest, priciest & fairest markets |
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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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