National Home Overvalue Rankings

[6thGen]

No Kidding!!

The vast majority of the overvalued area are in coastal, second home markets because that's where all the speculation created unrealistic prices. No Midwest markets are on the list because there wasn't a speculative runup in prices over the last few years. The list makes perfect sense in light of the facts.

This is the first time I've done the quote thing, so if it doesn't work please pardon my inexperience. I asked to see the bank's methodology because it probably depended on the salary and demographics of full time residents. The majority of people who own in this area do not live here full time, and I thought that it was so blatantly obvious that I didn't have to site that fact. That the bank released this information when I have other confidential reports that say much different things, and that the bank is sucking wind right now is why I'm a bit skeptical of the press release when they haven't released their methodology, as far as I know. Statistics, lies and damn lies and stuff.