Overvalued Housing & Policy

What is happening? Researchers at Florida Atlantic University and Florida International University say 15 housing markets are overvalued by at least 50%. Boise, Idaho — 72.6%
Austin, Texas —  67.70%
Ogden, Utah — 64.73%
Las Vegas —  61.48%
Atlanta — 58.01%
Phoenix — 57.94%
Provo, Utah — 57.02%
Fort Myers, Florida — 56.26%
Spokane, Washington — 56.25%
Charlotte —  55.25%
Lakeland, Florida — 53.22%
Tampa — 52.41%
Raleigh, North Carolina — 51.70%
Detroit — 51.16%

Why is this important? Increasing interest rates and improved construction policies for affordable housing are said to ease the issue.

How will this be important? The issue will be whether policies change that impact the values or whether the market maintains- there was a time when the Bay Area in California was thought to have overvalued homes and those have held.

Route Fifty | 15 US Cities Have Housing Markets Overvalued by More Than 50%