Las Vegas, Nevada 2021-09-21 09:11:00 –
Las Vegas (FOX5)-Las Vegas is listed as one of the most overrated housing markets in the United States.
New research Florida Atlantic University and Florida International University ranked the Las Vegas region in the top 10 overrated large housing markets. According to the analysis, Las Vegas homes outperform long-term price trends by 41.88%.
“In the top 10 markets, potential buyers may want to consider renting and reinvesting money that they would otherwise have invested in homeowners,” said real estate economist Ken Johnson. I did. “Rents and reinvestments have often outweighed ownership in terms of wealth creation.”
Boise, Idaho, has topped the list of the most overvalued markets, with homes selling at about 80% higher prices than they should, based on historic pricing.
According to the survey, the top 10 most overvalued housing markets are:
|7||Salt Lake City, Utah||42.41%|
|9||Las Vegas, Nevada||41.88%|
Studies show that Honolulu, Hawaii and Virginia Beach, Virginia are one of the best deals for buyers because their homes are undervalued and sold at discounts of up to 5%.
According to the survey, the 10 markets that offer the best deals to buyers are:
|100||Urban Honolulu, Hawaii||-4.93%|
|99||Virginia Beach, Virginia||-2.46%|
|97||New York, NY||-0.79%|
|96||Baton Rouge, Louisiana||-0.37%|
|94||New Orleans, Louisiana||2.06%|
|92||Little Rock, Arkansas||4.27%|
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