Leave a Message

By providing Jackie Schoelerman your contact information, you acknowledge and agree to our Privacy Policy and consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.

Thank you for your message. We will be in touch with you shortly.

The Most Overpriced Housing Market Is...

WRE News April 12, 2024

Buyer

The Most Overpriced Housing Market Is...

Twelve of the nation’s 15 most overpriced housing markets are in Sun Belt states, according to February data from the Top 100 U.S. Housing Markets published by Florida Atlantic University and Florida International University.

The new data report crowned Atlanta as the nation’s overpriced city, with homes 41.72% overpriced compared to the long-term pricing trends. The other leading cities where the homes are overpriced compared to the long-term pricing trends include Detroit at 40.20%; Cape Coral, Florida at 40.18%; Tampa at 38.38%; and Palm Bay, Florida at 37.90%.

The report also warned that some of the metropolitan areas with the largest housing premiums are more at risk of a correction than they were leading up to the housing crash of 2007. Atlanta, Detroit, Knoxville, Charlotte and Memphis all have housing premiums that are double or triple what they were before the peak of the last housing cycle.

“Home prices have become so out of line from their long-term trends that the risk of correction is rising,” said Dr. Ken H. Johnson, real estate economist with FAU’s College of Business. “While it’s unlikely prices will plummet dramatically, price performance could go flat for the future, or homes prices could see a slight decline even.”

Recent Blog Posts

Stay up to date on the latest real estate trends.

West Palo Alto Neighborhoods

January 15, 2025

6 Easy Changes You Can Make To Keep Your Home Warm on a Budget

January 14, 2025

We’re officially in the winter stretch, and in many parts of the country, temperatures have plunged—leaving many homeowners struggling with how to beat the chill.

The Best Time Of Day To Drink Coffee For Maximum Benefits Isn’t First Thing When You Wake Up

January 14, 2025

A cup of coffee is the quintessential staple of a morning routine—at least in the U.S.

How Much Home Equity Have You Gained? The Answer Might Surprise You

January 14, 2025

Have you ever stopped to think about how much wealth you’ve built up just from being a homeowner?

Comedian Heather McMahan Is A Crazy Dog Mom, Just Like The Rest Of Us

January 13, 2025

As harrowing and out-of-touch as show business can be, celebrities’ most-relatable sides are exposed in the bonds they share with their pets.

New Study Details Artificial Intelligence Practices in the Real Estate Sector

January 13, 2025

Ferguson Partners, the Chicago-based talent management and strategic advisory firm for the real estate sector, announced the results of its first Artificial Intelligen… Read more

We are Your GPS to Success Let’s Get Started

We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today

Schedule Appointment

Follow Us On Instagram