A report updated for the first quarter of 2006 shows what areas have the most overvalued housing. You can view the report here. The report says it takes 3 and a half years to correct the overvaluation. For Q1 2006, they list the San Luis Obispo housing market as being 56.5% overvalued, which ranks about 30th on their list of 317 areas nationwide. The most undervalued areas are in Texas.
Tagged: Texas
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