Monday, January 23, 2006

U.S. Home Prices More Overvalued Than Ever

According to a new study, U.S. house prices were more overvalued than ever before. This means that the U.S. housing boom looks increasingly unsustainable. The Housing markets in the biggest state [with regards to population], California, are the most overvalued, whereas that in the second biggest state, Texas by contrast actually is deemed undervalued.


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