Wednesday, May 21, 2008

Charlottesville #14 Most Overpriced Market: Moody's Economy

Moody's Economy has declared Charlottesville to be #14 on the list of Most Overpriced Real Estate Markets in the nation.

But you already knew that, didn't you?

The company determines an “equilibrium price” for the market based on its analysis of long-term supply and demand trends. The ranking “highly overpriced” indicates that the current market house price is more than two standard deviations above its historical relationship with the equilibrium price.

To see Laura Rowley's take on this, click here.

No comments: