While the latest Housing Market Analysis conducted by National City Corp says Naples, Florida is the most overvalued of all housing markets in the United States, don’t think DC is far behind.
Using thier analysis, Washington, DC-VA-MD-WV is 36.2% overvalued. That means those $300,000 condos going like hotcakes should be selling for $200K. Sound like fantasy number to you too?
This post appeared in its original form at DC Metblogs