Home prices 'extremely overvalued' in 53 cities

By Max Clark on August 18, 2005 10:54 AM | | Comments (0)
See: Home prices 'extremely overvalued' in 53 cities - Yahoo! News
Single-family home prices are "extremely overvalued" in 53 cities that make up nearly a third of the overall U.S. housing market, putting them at high risk of price declines, according to a study released today.
Accordding to this chart Los Angeles is only 48% overvalued.

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