Top 10 Most Overvalued US Home Markets

Posted: February 26, 2024 | Source:

With a rapid rise in home prices during the covid years followed by high interest rates, many US cities have overvalued home prices. According to a study by Florida Atlantic University and Florida International University, Boise, Idaho has a home market overvalued by 79%. Followed by Austin, Texas at 62%; Ogden, Utah at 59% and Las Vegas at 54%. According to the report, the Zillow Home Value Index (ZHVI) price for Boise is $506,060, while the two universities peg the Boise expected price at $286,898 – a premium of $219,162.