The strength of the U.S. economy in 2017 and 2018 improved so drastically that many considered it unsustainable and expected it to drop in 2019. This was confirmed by preliminary data released by the U.S. Department of Commerce.
During this upswing in economic activity, the housing market experienced a recent uptick in new home sales and single-family housing starts. But as prospective buyers scoured the market, they may not have realized that many homes across the country are overpriced.
To determine which housing markets in the United States are the most overpriced, GOBankingRates used data from Zillow to analyze the difference between the median list price and median home value for single-family residences in the nation’s largest housing markets.Read More