Are Home Prices Overvalued or Undervalued? Where All 50 States Stand
US home prices stand 15.7% above their fundamental value, according to Moody's. But some states are far more overvalued.
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US home prices stand 15.7% above their fundamental value, according to Moody's. But some states are far more overvalued.
While these places all have good things going for them, being affordable is not one of them.
The national annual inflation rate remains near a 40-year high, but all of these places have had it even worse.
The median home sales price in 2021 jumped 16.9% over the 2020 price to 346,900 - the highest increase since 1999, according to the National Association of Realtors. But with mortgage interest rates...
The median home sales price in 2021 jumped 16.9% over the 2020 price to 346,900 - the highest increase since 1999, according to the National Association of Realtors. But with mortgage interest rates...