Re:Homes in 97% of U.S. cities are overvalued, Moody's says
by mikeryan on Thursday May 05, 2022 @10:07PM
(#31280453)
The Moodys analysis, as I understand it, is house prices relative to median incomes in a market.
I don’t think it’s a fluke that the overvalued markets correlate to regions that a lot of tech has moved over the pandemic like Boise, FL, TX and Nashville.
If they’re measuring current house prices to 2020 and 2021 tax data then they may be missing an influx of income in the denominator as well.
I don’t think it’s a fluke that the overvalued markets correlate to regions that a lot of tech has moved over the pandemic like Boise, FL, TX and Nashville.
If they’re measuring current house prices to 2020 and 2021 tax data then they may be missing an influx of income in the denominator as well.