The Most Overvalued Housing Markets in America

[Ann]

I am surprised.
 

Florida usurps New York to become the 2nd most valuable real estate market, Zillow reports
Florida is now the second most valuable residential real estate market after California. Tampa, Miami and Jacksonville are fastest-growing cities in the U.S.

 

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Florida now has surpassed New York as the second most valuable housing market in the U.S., according to Zillow.

 

Florida's fast-growing population throughout the pandemic contributed to the rise in real estate value in the state, where the market jumped to $3.8 trillion in June from about $2 trillion in January 2020, according to newly released Zillow data.

 

That means the Sunshine State overtook New York at the No. 2 spot in the nation, though Florida still falls far behind California, where the market is valued at $10.2 trillion.

 

</snip>

[Foxx]

40 year Mortgages in Canuckistan

 

[Foxx]

Seems like a big deal

 

[Ann]

Why Buffalo will be 2024’s Hottest Market
 

Zillow expects Buffalo, N.Y., to be the nation’s hottest housing market in 2024, with Cincinnati, Columbus, Ohio, Indianapolis and Providence, R.I. rounding out the top five. These should stand out as strong in a housing market still buffeted by low inventory and relatively high mortgage rates and prices. While mortgage rates have come down significantly in recent weeks, and projections for improved affordability and more homes for sale have become more common, the challenges that limited the U.S. housing market last year are unlikely to disappear entirely in 2024.