BuzzBuzzHome Corp.
January 27, 2010

Overvalued and undervalued is determined by comparing median home prices, local interest rates, population densities and income, plus historical premiums or discounts that areas have exhibited over time.

According to the newly released 2010 report compiled by IHS Global Insight and PNC Financial Services, the top 10 Overvalued Cities in America are:

  1. Atlantic City, N.J. 30.20%
  2. Wenatchee, Wash. 28.90%
  3. Ocean City, N.J. 26.60%
  4. Longview, Wash. 22.30%
  5. Honolulu, Hawaii 21.90%
  6. Asheville, N.C. 21.80%
  7. Portland, Ore. 20.80%
  8. Bellingham, Wash. 20.00%
  9. Corvallis, Ore. 18.90%
  10. Salem, Ore. 18.20%

Source: CNN

How undervalued or overvalued is your city? Check the list.

Developments featured in this article

More Like This

Facebook Chatter