depressed real estate markets: Houses Are Priced Below True Value in One Third of U.S. Markets
- 08/18/11 01:15 AM
What is the Value of a home? Other than the value to the homeowner where the value can be measured not only in financial terms, the financial value is "what a buyer is willing to pay for it." However, a report by Zillow, shown here in a video at Marketwatch.com, indicates that some U.S. housing markets are priced 30% below the value at which the homes should be selling. Those markets include Florida, Las Vegas, Detroit, and parts of the Mid- West among other areas. I suspect that the Sunbelt areas experiencing the current severe depressed housing market are more likely (4 comments)
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Tom Robinson
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