Count a pair of Florida professors among those who are reporting that home prices might have finally peaked in July.
Florida Atlantic University's Ken H. Johnson, Ph.D., and Florida International University's Eli Beracha, Ph.D., each month rank the 100 most overvalued housing markets by analyzing their premiums – the percentage above the long-term pricing trend that consumers must pay in order to buy a property.
In July, they found that premiums declined from June in 27 markets, mostly west of the Mississippi River, and 22 of the 27 also experienced price declines.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
