30% Housing Value Drop Possible!
In early 2000, 63 metro areas were judged overvalued — but by no more than 13 percent. In mid-2006, 236 were thought overvalued, 79 by more than 34 percent. The survey considers interest rates, local incomes and housing densities.
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2 Comments
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In 2005 most of the commenters on the real estate market were saying there’s no bubble and our mini boom would never end, this is a sure sign that an end is fast approaching.
Lindsay
San Diego Cosmetic Surgery
Homeowners should be prepared to ride out the current fluctuation, because in the long run values should continue to escalate.
Ethan
San Diego County medical Research