CNN Reveals Top 10 Markets with Overpriced Homes
Potential homebuyers, beware!
On Monday, CNN Money released the list of the top 10 markets in the U.S. with overpriced homes, and yours just may be on the list.
According to the site, Denver tops the list, while Boston, Washington, D.C., Pittsburgh, San Francisco, Honolulu, San Jose, Louisville, Colorado Springs and San Diego follow closely behind.
“Housing prices have moved up so fast in the last few years, especially those priced just above the median,” said James Paine, managing partner at West Realty Advisors, of Pittsburgh in particular. As for San Fran, “It has the highest median home price in the entire country and the lowest affordability.”
Image via flickr/Larry Johnson