National City has a neat interactive page that gives their opinion of relative valuation. Give it a try. As to accuracy? They show Ventura as fairly valued at $506k but the Inland Empire as grossly overpriced at $304k. Go figure. I guess sometimes you do get what you pay for.
11 comments:
First!
So if we're undervalued, why are prices declining? By small amounts, but they are declining.
If by we you mean Dallas, et al then I have a few guesses.
First high property taxes. Then because I don't think the website is correct. I think every MSA in the map should be upgraded one notch. Lastly there's this recession thingy that is making everybody lose a little.
Is there a housing market in only one small county in South Dakota?
Or is the map woefully incomplete?
The data for S. Dakota is accurate - you have to have houses in order to have a housing market.
When I click on Marin I get San Francisco neither of which are fairly valued at 737K.
Marin is part of the San Francisco MSA. the boundaries on the map are counties but the data is MSA.
This is a very interesting graphic, but I can't be arsed to read the methodology and my intuitive reaction to it is that more areas should be RED.
For instance LA is shown as moderately overpriced yellow yet is graphed at +31.8%.
How the heck is that "moderate"?
If by we you mean Dallas
I thought you guys in the Inland Empire were better at geography than that.
@Dawg
Marin is part of the San Francisco MSA. the boundaries on the map are counties but the data is MSA.
It seems rather misleading to me, but that's real estate.
@Lou,
I thought you guys in the Inland Empire were better at geography than that
As I recall you're from Houston. Big difference.
Nonetheless you guyz are all Communists!
Yes, Lou is from Houston. Houston looks down on Dallas pretty much the way Austin looks down on Houston. I was just yanking his chain and he got me back but good.
P.S. The Inland Empire has been renamed the inland Expire.
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