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Economy - Monday (Investor's Business Daily)

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03-20-2007, 03:42 PM

Gurmastak Singh Gurmastak Singh is offline

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Join Date: Feb 2007

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Economy - Monday (Investor's Business Daily)

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Investor's Business Daily - Some 16% of all single-family homes were deemed overvalued by Global Insight, down from 17% in Q3. By asset value, homes called overvalued fell to 28% from a revised 31%. Prices edged up by 1.8% in Q4, the first gain since Q2 '05. Declines were concentrated in California, Florida and the New York. Northern Arizona, Utah, Idaho, Washington and Oregon saw the most appreciation. Naples, Fla., was the most overvalued market. Dallas and College Station-Bryan, Texas, were the most undervalued.

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