While futzing around on CNN, I found an interesting article that listed the most over and underpriced housing markets. Are you ready?
|
Most Overpriced |
Rank |
Most Underpriced |
| City/Metro Area |
percent
over/under
fair value |
|
City/Metro Area |
percent
over/under
fair value |
| Chico, CA |
43% |
1 |
Salt Lake, UT |
-23% |
| Stockton, CA |
34% |
2 |
Memphis, TN |
-20% |
| Santa Barbara, CA |
34% |
3 |
Macon, GA |
-17% |
| Los Angeles, CA |
32% |
4 |
Little Rock, AR |
-16% |
| San Francisco, CA |
30% |
5 |
Syracuse, NY |
-16% |
| Modesto, CA |
30% |
6 |
Albuquerque, NM |
-14% |
| San Diego, CA |
28% |
7 |
New Orleans, LA |
-14% |
| W. Palm, FL |
26% |
8 |
Baton Rouge, LA |
-14% |
| Sacramento, CA |
25% |
9 |
Oklahoma City, OK |
-13% |
|
Who would have thought Chico, of all places, would come in first!
