Study: Top 100 U.S. Housing Markets for Over/Underpricing

[Gaylord_Focker]

Originally Posted by HeadedWest2020

Cheap is relative. A friend sold a home in Dallas recently that appreciated over $105k in 20 months. As much as he liked where he lived, the chance to get from under the HOA he was paying and cash out was too tempting to not take.

I’m considering the same but want to avoid cap gains

[Gaylord_Focker]

Originally Posted by masssachoicetts

I havr a feeling a lot of housing markets that randomly increased out of nowhere like Boise and Billings and Spokane will return to their precovid levels.

Nah. Boise is the next Austin and the other two are probably getting conservatives escaping the city

[TarHeelNick]

Originally Posted by mhays25

I don't get their methodology, but it appears to be purely math, not market analysis.

Until they explain it better, it appears to be purely clickbait. Or more accurately something that should be an interesting mathematical sidebar, not a declaration of what's "overpriced."

But suckers are born every minute and papers need something to sell.

Yes.

"Overpriced/underpriced" are VERY subjective terms.

In Real Estate; when I hear "overpriced".... that means that a property is priced higher than the market will bear and thus takes longer to sell and eventually sells below market value.

If a house is "underpriced"...it's the exact opposite. The market demand is strong enough that the "list price" is lower than what the market is willing to pay, sells very quickly and for above the list price; at it's actual value.

The apparent methodology used here appears to be assuming that the "Average" over a certain period of time vs "now" dictates what "over-priced" vs "under-priced" is....which seems shortsighted and inaccurate. But you're right...it gets clicks!

Supply and demand. Very much an ECON 101 concept.