These are the top 10 cities where Americans are overpaying for houses
Homebuyers in the most overpriced US cities are currently paying a premium of more than 40% compared to historical prices, according to a recent study from Florida Atlantic University. "Florida is so overvalued almost certainly because of the increased demand to live here combined with a shortage of available housing units," said Ken H. Johnson, an economist at FAU.
"There are just not enough roofs to go around, given our population and Florida's stature as a prime destination."they've locked in, have all helped keep the US housing market tight in 2023. Nearly a quarter of homeowners have a mortgage rate below 3%, close to the highest proportion on record, Redfin data shows.current home price data and compared it to historical trends to find which places Americans were overpaying the most.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Bill dies at Arizona Capitol to override some local zoning to promote affordable housingConservative Republicans said they're unwilling to override local regulations even with the consent of affected communities.
Les mer »
Homeless crisis: Over 14,000 people moved into housing within Mayor Bass' first 6 monthsAccording to the mayor's office, a total of 14,381 people were brought inside through various means and programs.
Les mer »
Massachusetts Launches Green Bank to Battle 'Compounding Housing and Climate Crises'Massachusetts 'has a visionary plan to lead the country on electrifying affordable housing' that 'will be a model nationwide for making sure that climate action and equity go hand-in-hand,' said professor leahstokes.
Les mer »
New laws may help with housing but could transform San Diego's rural communitiesThe San Diego County Board of Supervisors is expected to approve a new housing zoning ordinance in July.
Les mer »
Mayor Adams is considering vetoing new housing assistance bills, setting up political showdownMayor Adams is deciding if he should kill a package of bills that would expand access to housing vouchers for low-income New Yorkers & help shelter residents gain access to rental subsidies sooner. The bills passed City Council with a vetoproof majority.
Les mer »
Housing market: Vast majority of homeowners pay below 6% for a mortgageThe housing market is so tight because 90% of homeowners locked in lower mortgage rates before last year's surge
Les mer »