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         xmlns:georss="http://www.georss.org/georss"><docs>This is a RSS file. Copy the URL into your aggregator of choice. If you don't know what this means and want to learn more, please see: <span>http://platial.typepad.com/news/2006/04/really_simple_t.html</span> for more info.</docs>
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<title>Places Tagged Extremely Overvalued 1stq 2006 On Platial.com</title>
<description>Places tagged extremely overvalued 1stq 2006 on Platial.com</description>
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<item rdf:about="http://www.platial.com/post/93958">
<link>http://www.platial.com/post/93958</link>
<title>San Francisco, CA housing market</title>
<description>
        <![CDATA[
        San Francisco City Hall (shown on map, website on link above)

GLOBAL INSIGHT / NATIONAL CITY CORP. VALUATION:  2006/Q1
$779,700 median sales price
40.8% overvalued
Classification:  "Extremely overvalued"
Full report below. Add places to local map and comments to wiki:
https://realestatebubblemap.pbwiki.com/San%20Francisco%2C%20CA

How long did the last housing price correction last?  
How far did prices fall?  See:
http://platial.com/place/95110

HOUSING BUBBLE CORRECTION COULD BE SEVERE
U.S. News & World Report (6/13/06)

EXCERPTS

"In the first quarter [of 2006], home prices nationwide rose an additional 7.3 percent, according to a joint study by the financial services firm National City Corp. and the research firm Global Insight. As a result, there are now 71 metropolitan areas–representing nearly 40 percent of all single-family homes–that can be classified as "extremely overvalued," according to the study. By comparison, only 64 metro regions were considered frothy at the end of last year and only 1 percent were classified as such in the first quarter of 2004."

"The fact that this number of metro areas – representing such a large percent of the total single family market–is extremely overvalued should be a cause for concern," said Richard DeKaser, chief economist for National City.

The bottom line: Real estate prices eventually correct themselves. And unfortunately for homeowners, it often takes years before home prices start to rise again, especially after a big run up.

National City recently studied 66 major metro regions over the past 21 years that suffered through a 10 percent or greater decline in prices for at least a two-year period of time. It found that home prices, once they begin to correct, tend to decline 17 percent on average before markets heal themselves.

"And the average duration of these adjustments is 3.5 years," says DeKaser.

FULL TEXT:  http://tinyurl.com/gdozq

DEFINITION:
Valuations in excess of 34% are classified as "extremely overvalued."  A complete ranking of overvalued and undervalued housing markets, as well as past price declines and duration of market corrections are available in PDF form from the link below:

FULL REPORT:
Overvalued Housing Market? Depends Where You Live
Most Overvalued, Most Undervalued of the 317 Largest U.S. Metro Areas Examined
http://www.globalinsight.com/Highlight/HighlightDetail2350.htm
<br/>Tags: extremely overvalued 1stq 2006<br /><br /><a href="http://www.platial.com/post/93958">Map this on Platial</a><br /> 
        ]]>
        </description>
<georss:point>37.778529 -122.418182</georss:point>
<dc:creator>platialUser:realestatecafe</dc:creator>
<dc:date>2006-07-02 18:08:37.867097+00:00</dc:date>
</item>
<item rdf:about="http://www.platial.com/post/94213">
<link>http://www.platial.com/post/94213</link>
<title>Seattle, WA housing market</title>
<description>
        <![CDATA[
        Seattle City Hall (shown on map and link above)

GLOBAL INSIGHT / NATIONAL CITY CORP. VALUATION:  
2006/Q1  (see link to full report below)
$344,700 median sales price
34.1% overvalued

Classification:  "Extremely overvalued"

HOUSING BUBBLE CORRECTION COULD BE SEVERE
U.S. News & World Report (6/13/06)

EXCERPTS

"In the first quarter [of 2006], home prices nationwide rose an additional 7.3 percent, according to a joint study by the financial services firm National City Corp. and the research firm Global Insight. As a result, there are now 71 metropolitan areas–representing nearly 40 percent of all single-family homes–that can be classified as "extremely overvalued," according to the study. By comparison, only 64 metro regions were considered frothy at the end of last year and only 1 percent were classified as such in the first quarter of 2004."

"The fact that this number of metro areas – representing such a large percent of the total single family market–is extremely overvalued should be a cause for concern," said Richard DeKaser, chief economist for National City.

The bottom line: Real estate prices eventually correct themselves. And unfortunately for homeowners, it often takes years before home prices start to rise again, especially after a big run up.

National City recently studied 66 major metro regions over the past 21 years that suffered through a 10 percent or greater decline in prices for at least a two-year period of time. It found that home prices, once they begin to correct, tend to decline 17 percent on average before markets heal themselves.

"And the average duration of these adjustments is 3.5 years," says DeKaser.

FULL TEXT:  http://tinyurl.com/gdozq

DEFINITION:
Valuations in excess of 34% are classified as "extremely overvalued."  A complete ranking of overvalued and undervalued housing markets, as well as past price declines and duration of market corrections are available in PDF form from the link below:

FULL REPORT:
Overvalued Housing Market? Depends Where You Live
Most Overvalued, Most Undervalued of the 317 Largest U.S. Metro Areas Examined
http://www.globalinsight.com/Highlight/HighlightDetail2350.htm
<br/>Tags: extremely overvalued 1stq 2006<br /><br /><a href="http://www.platial.com/post/94213">Map this on Platial</a><br /> 
        ]]>
        </description>
<georss:point>47.624754 -122.348768</georss:point>
<dc:creator>platialUser:realestatecafe</dc:creator>
<dc:date>2006-06-20 14:58:08.313449+00:00</dc:date>
</item>
<item rdf:about="http://www.platial.com/post/94214">
<link>http://www.platial.com/post/94214</link>
<title>Nassau-Suffolk, NY housing market</title>
<description>
        <![CDATA[
        GLOBAL INSIGHT / NATIONAL CITY CORP. VALUATION:  2006/Q1
$433,200 median sales price
43.9% overvalued
Classification:  "Extremely overvalued"
Full report below.  Add places to local map and comments to wiki:
https://realestatebubblemap.pbwiki.com/Nassau-Suffolk%2C%20NY

HOUSING BUBBLE CORRECTION COULD BE SEVERE
U.S. News & World Report (6/13/06)

EXCERPTS

"In the first quarter [of 2006], home prices nationwide rose an additional 7.3 percent, according to a joint study by the financial services firm National City Corp. and the research firm Global Insight. As a result, there are now 71 metropolitan areas–representing nearly 40 percent of all single-family homes–that can be classified as "extremely overvalued," according to the study. By comparison, only 64 metro regions were considered frothy at the end of last year and only 1 percent were classified as such in the first quarter of 2004."

"The fact that this number of metro areas – representing such a large percent of the total single family market–is extremely overvalued should be a cause for concern," said Richard DeKaser, chief economist for National City.

The bottom line: Real estate prices eventually correct themselves. And unfortunately for homeowners, it often takes years before home prices start to rise again, especially after a big run up.

National City recently studied 66 major metro regions over the past 21 years that suffered through a 10 percent or greater decline in prices for at least a two-year period of time. It found that home prices, once they begin to correct, tend to decline 17 percent on average before markets heal themselves.

"And the average duration of these adjustments is 3.5 years," says DeKaser.

FULL TEXT:  http://tinyurl.com/gdozq

DEFINITION:
Valuations in excess of 34% are classified as "extremely overvalued."  A complete ranking of overvalued and undervalued housing markets, as well as past price declines and duration of market corrections are available in PDF form from the link below:

FULL REPORT:
Overvalued Housing Market? Depends Where You Live
Most Overvalued, Most Undervalued of the 317 Largest U.S. Metro Areas Examined
http://www.globalinsight.com/Highlight/HighlightDetail2350.htm<br/>Tags: extremely overvalued 1stq 2006<br /><br /><a href="http://www.platial.com/post/94214">Map this on Platial</a><br /> 
        ]]>
        </description>
<georss:point>40.736995 -73.640525</georss:point>
<dc:creator>platialUser:realestatecafe</dc:creator>
<dc:date>2006-06-29 07:10:56.052028+00:00</dc:date>
</item>
<item rdf:about="http://www.platial.com/post/93215">
<link>http://www.platial.com/post/93215</link>
<title>Naples, FL housing market</title>
<description>
        <![CDATA[
        Naples City Hall (shown on map, website on link above)

GLOBAL INSIGHT / NATIONAL CITY CORP. VALUATION:  
2006/Q1  (see link to full report below)
$383,000 median sales price
102.6% overvalued

Classification:  "Extremely overvalued"

HOUSING BUBBLE CORRECTION COULD BE SEVERE
U.S. News & World Report (6/13/06)

EXCERPTS

"In the first quarter [of 2006], home prices nationwide rose an additional 7.3 percent, according to a joint study by the financial services firm National City Corp. and the research firm Global Insight. As a result, there are now 71 metropolitan areas–representing nearly 40 percent of all single-family homes–that can be classified as "extremely overvalued," according to the study. By comparison, only 64 metro regions were considered frothy at the end of last year and only 1 percent were classified as such in the first quarter of 2004."

"The fact that this number of metro areas – representing such a large percent of the total single family market–is extremely overvalued should be a cause for concern," said Richard DeKaser, chief economist for National City.

The bottom line: Real estate prices eventually correct themselves. And unfortunately for homeowners, it often takes years before home prices start to rise again, especially after a big run up.

National City recently studied 66 major metro regions over the past 21 years that suffered through a 10 percent or greater decline in prices for at least a two-year period of time. It found that home prices, once they begin to correct, tend to decline 17 percent on average before markets heal themselves.

"And the average duration of these adjustments is 3.5 years," says DeKaser.

FULL TEXT:  http://tinyurl.com/gdozq

DEFINITION:
Valuations in excess of 34% are classified as "extremely overvalued."  A complete ranking of overvalued and undervalued housing markets, as well as past price declines and duration of market corrections are available in PDF form from the link below:

FULL REPORT:
Overvalued Housing Market? Depends Where You Live
Most Overvalued, Most Undervalued of the 317 Largest U.S. Metro Areas Examined
http://www.globalinsight.com/Highlight/HighlightDetail2350.htm<br/>Tags: extremely overvalued 1stq 2006<br /><br /><a href="http://www.platial.com/post/93215">Map this on Platial</a><br /> 
        ]]>
        </description>
<georss:point>26.139148 -81.79568</georss:point>
<dc:creator>platialUser:realestatecafe</dc:creator>
<dc:date>2006-06-19 20:54:43.034505+00:00</dc:date>
</item>
<item rdf:about="http://www.platial.com/post/93216">
<link>http://www.platial.com/post/93216</link>
<title>Salinas, CA housing market</title>
<description>
        <![CDATA[
        Salinas City Hall (shown on map, website on link above)

GLOBAL INSIGHT / NATIONAL CITY CORP. VALUATION:  
2006/Q1  (see link to full report below)
$608,600 median sales price
79.1% overvalued

Classification:  "Extremely overvalued"

HOUSING BUBBLE CORRECTION COULD BE SEVERE
U.S. News & World Report (6/13/06)

EXCERPTS

"In the first quarter [of 2006], home prices nationwide rose an additional 7.3 percent, according to a joint study by the financial services firm National City Corp. and the research firm Global Insight. As a result, there are now 71 metropolitan areas–representing nearly 40 percent of all single-family homes–that can be classified as "extremely overvalued," according to the study. By comparison, only 64 metro regions were considered frothy at the end of last year and only 1 percent were classified as such in the first quarter of 2004."

"The fact that this number of metro areas – representing such a large percent of the total single family market–is extremely overvalued should be a cause for concern," said Richard DeKaser, chief economist for National City.

The bottom line: Real estate prices eventually correct themselves. And unfortunately for homeowners, it often takes years before home prices start to rise again, especially after a big run up.

National City recently studied 66 major metro regions over the past 21 years that suffered through a 10 percent or greater decline in prices for at least a two-year period of time. It found that home prices, once they begin to correct, tend to decline 17 percent on average before markets heal themselves.

"And the average duration of these adjustments is 3.5 years," says DeKaser.

FULL TEXT:  http://tinyurl.com/gdozq

DEFINITION:
Valuations in excess of 34% are classified as "extremely overvalued."  A complete ranking of overvalued and undervalued housing markets, as well as past price declines and duration of market corrections are available in PDF form from the link below:

FULL REPORT:
Overvalued Housing Market? Depends Where You Live
Most Overvalued, Most Undervalued of the 317 Largest U.S. Metro Areas Examined
http://www.globalinsight.com/Highlight/HighlightDetail2350.htm<br/>Tags: extremely overvalued 1stq 2006<br /><br /><a href="http://www.platial.com/post/93216">Map this on Platial</a><br /> 
        ]]>
        </description>
<georss:point>36.675189 -121.657392</georss:point>
<dc:creator>platialUser:realestatecafe</dc:creator>
<dc:date>2006-06-19 20:54:20.706191+00:00</dc:date>
</item>
<item rdf:about="http://www.platial.com/post/93219">
<link>http://www.platial.com/post/93219</link>
<title>Port St Lucie, FL housing market</title>
<description>
        <![CDATA[
        Port St Lucie City Hall (shown on map, website on link above)

GLOBAL INSIGHT / NATIONAL CITY CORP. VALUATION:  
2006/Q1  (see link to full report below)
Port St. Lucie-Fort Pierce, FL
$240,800 median sales price
77.4% overvalued

Classification:  "Extremely overvalued"

HOUSING BUBBLE CORRECTION COULD BE SEVERE
U.S. News & World Report (6/13/06)

EXCERPTS

"In the first quarter [of 2006], home prices nationwide rose an additional 7.3 percent, according to a joint study by the financial services firm National City Corp. and the research firm Global Insight. As a result, there are now 71 metropolitan areas–representing nearly 40 percent of all single-family homes–that can be classified as "extremely overvalued," according to the study. By comparison, only 64 metro regions were considered frothy at the end of last year and only 1 percent were classified as such in the first quarter of 2004."

"The fact that this number of metro areas – representing such a large percent of the total single family market–is extremely overvalued should be a cause for concern," said Richard DeKaser, chief economist for National City.

The bottom line: Real estate prices eventually correct themselves. And unfortunately for homeowners, it often takes years before home prices start to rise again, especially after a big run up.

National City recently studied 66 major metro regions over the past 21 years that suffered through a 10 percent or greater decline in prices for at least a two-year period of time. It found that home prices, once they begin to correct, tend to decline 17 percent on average before markets heal themselves.

"And the average duration of these adjustments is 3.5 years," says DeKaser.

FULL TEXT:  http://tinyurl.com/gdozq

DEFINITION:  
Valuations in excess of 34% are classified as "extremely overvalued."  A complete ranking of overvalued and undervalued housing markets, as well as past price declines and duration of market corrections are available in PDF form from the link below:

FULL REPORT:
Overvalued Housing Market? Depends Where You Live
Most Overvalued, Most Undervalued of the 317 Largest U.S. Metro Areas Examined
http://www.globalinsight.com/Highlight/HighlightDetail2350.htm<br/>Tags: extremely overvalued 1stq 2006<br /><br /><a href="http://www.platial.com/post/93219">Map this on Platial</a><br /> 
        ]]>
        </description>
<georss:point>27.273333 -80.343472</georss:point>
<dc:creator>platialUser:realestatecafe</dc:creator>
<dc:date>2006-06-19 20:53:55.598017+00:00</dc:date>
</item>
<item rdf:about="http://www.platial.com/post/93220">
<link>http://www.platial.com/post/93220</link>
<title>Merced, CA housing market</title>
<description>
        <![CDATA[
        Merced Civic Center (shown on map, website on link above)

VALUATION:  
2006/Q1
$291,300 median sales price
77.0% overvalued

Classification:  "Extremely overvalued"

HOUSING BUBBLE CORRECTION COULD BE SEVERE
U.S. News & World Report (6/13/06)

EXCERPTS

"In the first quarter [of 2006], home prices nationwide rose an additional 7.3 percent, according to a joint study by the financial services firm National City Corp. and the research firm Global Insight. As a result, there are now 71 metropolitan areas–representing nearly 40 percent of all single-family homes–that can be classified as "extremely overvalued," according to the study. By comparison, only 64 metro regions were considered frothy at the end of last year and only 1 percent were classified as such in the first quarter of 2004."

"The fact that this number of metro areas – representing such a large percent of the total single family market–is extremely overvalued should be a cause for concern," said Richard DeKaser, chief economist for National City.

The bottom line: Real estate prices eventually correct themselves. And unfortunately for homeowners, it often takes years before home prices start to rise again, especially after a big run up.

National City recently studied 66 major metro regions over the past 21 years that suffered through a 10 percent or greater decline in prices for at least a two-year period of time. It found that home prices, once they begin to correct, tend to decline 17 percent on average before markets heal themselves.

"And the average duration of these adjustments is 3.5 years," says DeKaser.

FULL TEXT:  http://tinyurl.com/gdozq

DEFINITION:  
Valuations in excess of 34% are classified as "extremely overvalued."  A complete ranking of overvalued and undervalued housing markets, as well as past price declines and duration of market corrections are available in PDF form from the link below:

FULL REPORT:
Overvalued Housing Market? Depends Where You Live
Most Overvalued, Most Undervalued of the 317 Largest U.S. Metro Areas Examined
http://www.globalinsight.com/Highlight/HighlightDetail2350.htm<br/>Tags: extremely overvalued 1stq 2006<br /><br /><a href="http://www.platial.com/post/93220">Map this on Platial</a><br /> 
        ]]>
        </description>
<georss:point>37.296415 -120.466762</georss:point>
<dc:creator>platialUser:realestatecafe</dc:creator>
<dc:date>2006-06-17 19:49:22.751297+00:00</dc:date>
</item>
<item rdf:about="http://www.platial.com/post/93221">
<link>http://www.platial.com/post/93221</link>
<title>Bend, OR housing market</title>
<description>
        <![CDATA[
        Bend City Hall (shown on map, website on link above)

GLOBAL INSIGHT / NATIONAL CITY CORP. VALUATION:  
2006/Q1  (see link to full report below)
$276,100 median sales price
76.4% overvalued

Classification:  "Extremely overvalued"

HOUSING BUBBLE CORRECTION COULD BE SEVERE
U.S. News & World Report (6/13/06)

EXCERPTS

"In the first quarter [of 2006], home prices nationwide rose an additional 7.3 percent, according to a joint study by the financial services firm National City Corp. and the research firm Global Insight. As a result, there are now 71 metropolitan areas–representing nearly 40 percent of all single-family homes–that can be classified as "extremely overvalued," according to the study. By comparison, only 64 metro regions were considered frothy at the end of last year and only 1 percent were classified as such in the first quarter of 2004."

"The fact that this number of metro areas – representing such a large percent of the total single family market–is extremely overvalued should be a cause for concern," said Richard DeKaser, chief economist for National City.

The bottom line: Real estate prices eventually correct themselves. And unfortunately for homeowners, it often takes years before home prices start to rise again, especially after a big run up.

National City recently studied 66 major metro regions over the past 21 years that suffered through a 10 percent or greater decline in prices for at least a two-year period of time. It found that home prices, once they begin to correct, tend to decline 17 percent on average before markets heal themselves.

"And the average duration of these adjustments is 3.5 years," says DeKaser.

FULL TEXT:  http://tinyurl.com/gdozq

DEFINITION:  
Valuations in excess of 34% are classified as "extremely overvalued."  A complete ranking of overvalued and undervalued housing markets, as well as past price declines and duration of market corrections are available in PDF form from the link below:

FULL REPORT:
Overvalued Housing Market? Depends Where You Live
Most Overvalued, Most Undervalued of the 317 Largest U.S. Metro Areas Examined
http://www.globalinsight.com/Highlight/HighlightDetail2350.htm<br/>Tags: extremely overvalued 1stq 2006<br /><br /><a href="http://www.platial.com/post/93221">Map this on Platial</a><br /> 
        ]]>
        </description>
<georss:point>44.057164 -121.315895</georss:point>
<dc:creator>platialUser:realestatecafe</dc:creator>
<dc:date>2006-06-19 20:53:11.213513+00:00</dc:date>
</item>
<item rdf:about="http://www.platial.com/post/93222">
<link>http://www.platial.com/post/93222</link>
<title>Atlantic City, NJ housing market</title>
<description>
        <![CDATA[
        Atlantic City Mayor's Office (shown on map, website on link above)

GLOBAL INSIGHT / NATIONAL CITY CORP. VALUATION:  2006/Q1
$254,200 median sales price
63.9% overvalued
Classification:  "Extremely overvalued"
Full report below.  Add places to local map and comments to wiki:
https://realestatebubblemap.pbwiki.com/Atlantic%20City%2C%20NJ

HOUSING BUBBLE CORRECTION COULD BE SEVERE
U.S. News & World Report (6/13/06)

EXCERPTS

"In the first quarter [of 2006], home prices nationwide rose an additional 7.3 percent, according to a joint study by the financial services firm National City Corp. and the research firm Global Insight. As a result, there are now 71 metropolitan areas–representing nearly 40 percent of all single-family homes–that can be classified as "extremely overvalued," according to the study. By comparison, only 64 metro regions were considered frothy at the end of last year and only 1 percent were classified as such in the first quarter of 2004."

"The fact that this number of metro areas – representing such a large percent of the total single family market–is extremely overvalued should be a cause for concern," said Richard DeKaser, chief economist for National City.

The bottom line: Real estate prices eventually correct themselves. And unfortunately for homeowners, it often takes years before home prices start to rise again, especially after a big run up.

National City recently studied 66 major metro regions over the past 21 years that suffered through a 10 percent or greater decline in prices for at least a two-year period of time. It found that home prices, once they begin to correct, tend to decline 17 percent on average before markets heal themselves.

"And the average duration of these adjustments is 3.5 years," says DeKaser.

FULL TEXT:  http://tinyurl.com/gdozq

DEFINITION:  
Valuations in excess of 34% are classified as "extremely overvalued."  A complete ranking of overvalued and undervalued housing markets, as well as past price declines and duration of market corrections are available in PDF form from the link below:

FULL REPORT:
Overvalued Housing Market? Depends Where You Live
Most Overvalued, Most Undervalued of the 317 Largest U.S. Metro Areas Examined
http://www.globalinsight.com/Highlight/HighlightDetail2350.htm<br/>Tags: extremely overvalued 1stq 2006<br /><br /><a href="http://www.platial.com/post/93222">Map this on Platial</a><br /> 
        ]]>
        </description>
<georss:point>39.363171 -74.427113</georss:point>
<dc:creator>platialUser:realestatecafe</dc:creator>
<dc:date>2006-06-29 07:09:55.069613+00:00</dc:date>
</item>
<item rdf:about="http://www.platial.com/post/93943">
<link>http://www.platial.com/post/93943</link>
<title>Prescott, AZ housing market</title>
<description>
        <![CDATA[
        Prescott City Hall (shown on map, website on link above)

GLOBAL INSIGHT / NATIONAL CITY CORP. VALUATION:  
2006/Q1  (see link to full report below)
$229,400 median sales price
58.6% overvalued

Classification:  "Extremely overvalued"

HOUSING BUBBLE CORRECTION COULD BE SEVERE
U.S. News & World Report (6/13/06)

EXCERPTS

"In the first quarter [of 2006], home prices nationwide rose an additional 7.3 percent, according to a joint study by the financial services firm National City Corp. and the research firm Global Insight. As a result, there are now 71 metropolitan areas–representing nearly 40 percent of all single-family homes–that can be classified as "extremely overvalued," according to the study. By comparison, only 64 metro regions were considered frothy at the end of last year and only 1 percent were classified as such in the first quarter of 2004."

"The fact that this number of metro areas – representing such a large percent of the total single family market–is extremely overvalued should be a cause for concern," said Richard DeKaser, chief economist for National City.

The bottom line: Real estate prices eventually correct themselves. And unfortunately for homeowners, it often takes years before home prices start to rise again, especially after a big run up.

National City recently studied 66 major metro regions over the past 21 years that suffered through a 10 percent or greater decline in prices for at least a two-year period of time. It found that home prices, once they begin to correct, tend to decline 17 percent on average before markets heal themselves.

"And the average duration of these adjustments is 3.5 years," says DeKaser.

FULL TEXT:  http://tinyurl.com/gdozq

DEFINITION:
Valuations in excess of 34% are classified as "extremely overvalued."  A complete ranking of overvalued and undervalued housing markets, as well as past price declines and duration of market corrections are available in PDF form from the link below:

FULL REPORT:
Overvalued Housing Market? Depends Where You Live
Most Overvalued, Most Undervalued of the 317 Largest U.S. Metro Areas Examined
http://www.globalinsight.com/Highlight/HighlightDetail2350.htm<br/>Tags: extremely overvalued 1stq 2006<br /><br /><a href="http://www.platial.com/post/93943">Map this on Platial</a><br /> 
        ]]>
        </description>
<georss:point>34.539863 -112.468859</georss:point>
<dc:creator>platialUser:realestatecafe</dc:creator>
<dc:date>2006-06-19 21:09:24.226075+00:00</dc:date>
</item>
<item rdf:about="http://www.platial.com/post/93947">
<link>http://www.platial.com/post/93947</link>
<title>Bellingham, WA housing market</title>
<description>
        <![CDATA[
        Bellingham City Hall (shown on map, website on link above)

GLOBAL INSIGHT / NATIONAL CITY CORP. VALUATION:  
2006/Q1  (see link to full report below)
$277,000 median sales price
51.5% overvalued

Classification:  "Extremely overvalued"

HOUSING BUBBLE CORRECTION COULD BE SEVERE
U.S. News & World Report (6/13/06)

EXCERPTS

"In the first quarter [of 2006], home prices nationwide rose an additional 7.3 percent, according to a joint study by the financial services firm National City Corp. and the research firm Global Insight. As a result, there are now 71 metropolitan areas–representing nearly 40 percent of all single-family homes–that can be classified as "extremely overvalued," according to the study. By comparison, only 64 metro regions were considered frothy at the end of last year and only 1 percent were classified as such in the first quarter of 2004."

"The fact that this number of metro areas – representing such a large percent of the total single family market–is extremely overvalued should be a cause for concern," said Richard DeKaser, chief economist for National City.

The bottom line: Real estate prices eventually correct themselves. And unfortunately for homeowners, it often takes years before home prices start to rise again, especially after a big run up.

National City recently studied 66 major metro regions over the past 21 years that suffered through a 10 percent or greater decline in prices for at least a two-year period of time. It found that home prices, once they begin to correct, tend to decline 17 percent on average before markets heal themselves.

"And the average duration of these adjustments is 3.5 years," says DeKaser.

FULL TEXT:  http://tinyurl.com/gdozq

DEFINITION:
Valuations in excess of 34% are classified as "extremely overvalued."  A complete ranking of overvalued and undervalued housing markets, as well as past price declines and duration of market corrections are available in PDF form from the link below:

FULL REPORT:
Overvalued Housing Market? Depends Where You Live
Most Overvalued, Most Undervalued of the 317 Largest U.S. Metro Areas Examined
http://www.globalinsight.com/Highlight/HighlightDetail2350.htm<br/>Tags: extremely overvalued 1stq 2006<br /><br /><a href="http://www.platial.com/post/93947">Map this on Platial</a><br /> 
        ]]>
        </description>
<georss:point>48.754928 -122.478054</georss:point>
<dc:creator>platialUser:realestatecafe</dc:creator>
<dc:date>2006-06-19 21:13:19.654335+00:00</dc:date>
</item>
<item rdf:about="http://www.platial.com/post/93951">
<link>http://www.platial.com/post/93951</link>
<title>Reno, NV housing market</title>
<description>
        <![CDATA[
        Reno City Hall (shown on map, website on link above)

GLOBAL INSIGHT / NATIONAL CITY CORP. VALUATION:  
2006/Q1  (see link to full report below)
$319,900 median sales price
48.6% overvalued

Classification:  "Extremely overvalued"

HOUSING BUBBLE CORRECTION COULD BE SEVERE
U.S. News & World Report (6/13/06)

EXCERPTS

"In the first quarter [of 2006], home prices nationwide rose an additional 7.3 percent, according to a joint study by the financial services firm National City Corp. and the research firm Global Insight. As a result, there are now 71 metropolitan areas–representing nearly 40 percent of all single-family homes–that can be classified as "extremely overvalued," according to the study. By comparison, only 64 metro regions were considered frothy at the end of last year and only 1 percent were classified as such in the first quarter of 2004."

"The fact that this number of metro areas – representing such a large percent of the total single family market–is extremely overvalued should be a cause for concern," said Richard DeKaser, chief economist for National City.

The bottom line: Real estate prices eventually correct themselves. And unfortunately for homeowners, it often takes years before home prices start to rise again, especially after a big run up.

National City recently studied 66 major metro regions over the past 21 years that suffered through a 10 percent or greater decline in prices for at least a two-year period of time. It found that home prices, once they begin to correct, tend to decline 17 percent on average before markets heal themselves.

"And the average duration of these adjustments is 3.5 years," says DeKaser.

FULL TEXT:  http://tinyurl.com/gdozq

DEFINITION:
Valuations in excess of 34% are classified as "extremely overvalued."  A complete ranking of overvalued and undervalued housing markets, as well as past price declines and duration of market corrections are available in PDF form from the link below:

FULL REPORT:
Overvalued Housing Market? Depends Where You Live
Most Overvalued, Most Undervalued of the 317 Largest U.S. Metro Areas Examined
http://www.globalinsight.com/Highlight/HighlightDetail2350.htm<br/>Tags: extremely overvalued 1stq 2006<br /><br /><a href="http://www.platial.com/post/93951">Map this on Platial</a><br /> 
        ]]>
        </description>
<georss:point>39.52591 -119.813324</georss:point>
<dc:creator>platialUser:realestatecafe</dc:creator>
<dc:date>2006-06-19 21:18:15.502371+00:00</dc:date>
</item>
<item rdf:about="http://www.platial.com/post/93954">
<link>http://www.platial.com/post/93954</link>
<title>Kingston, NY housing market</title>
<description>
        <![CDATA[
        Kingston City Hall (shown on map, website on link above)

GLOBAL INSIGHT / NATIONAL CITY CORP. VALUATION:  
2006/Q1  (see link to full report below)
$220,500 median sales price
45.7% overvalued

Classification:  "Extremely overvalued"

HOUSING BUBBLE CORRECTION COULD BE SEVERE
U.S. News & World Report (6/13/06)

EXCERPTS

"In the first quarter [of 2006], home prices nationwide rose an additional 7.3 percent, according to a joint study by the financial services firm National City Corp. and the research firm Global Insight. As a result, there are now 71 metropolitan areas–representing nearly 40 percent of all single-family homes–that can be classified as "extremely overvalued," according to the study. By comparison, only 64 metro regions were considered frothy at the end of last year and only 1 percent were classified as such in the first quarter of 2004."

"The fact that this number of metro areas – representing such a large percent of the total single family market–is extremely overvalued should be a cause for concern," said Richard DeKaser, chief economist for National City.

The bottom line: Real estate prices eventually correct themselves. And unfortunately for homeowners, it often takes years before home prices start to rise again, especially after a big run up.

National City recently studied 66 major metro regions over the past 21 years that suffered through a 10 percent or greater decline in prices for at least a two-year period of time. It found that home prices, once they begin to correct, tend to decline 17 percent on average before markets heal themselves.

"And the average duration of these adjustments is 3.5 years," says DeKaser.

FULL TEXT:  http://tinyurl.com/gdozq

DEFINITION:
Valuations in excess of 34% are classified as "extremely overvalued."  A complete ranking of overvalued and undervalued housing markets, as well as past price declines and duration of market corrections are available in PDF form from the link below:

FULL REPORT:
Overvalued Housing Market? Depends Where You Live
Most Overvalued, Most Undervalued of the 317 Largest U.S. Metro Areas Examined
http://www.globalinsight.com/Highlight/HighlightDetail2350.htm<br/>Tags: extremely overvalued 1stq 2006<br /><br /><a href="http://www.platial.com/post/93954">Map this on Platial</a><br /> 
        ]]>
        </description>
<georss:point>41.926887 -73.997881</georss:point>
<dc:creator>platialUser:realestatecafe</dc:creator>
<dc:date>2006-06-19 21:26:18.869246+00:00</dc:date>
</item>
<item rdf:about="http://www.platial.com/post/93956">
<link>http://www.platial.com/post/93956</link>
<title>Carson City, NV housing market</title>
<description>
        <![CDATA[
        Carson City Hall (shown on map, website on link above)

GLOBAL INSIGHT / NATIONAL CITY CORP. VALUATION:  
2006/Q1  (see link to full report below)
$291,300 median sales price
45.6% overvalued

Classification:  "Extremely overvalued"

HOUSING BUBBLE CORRECTION COULD BE SEVERE
U.S. News & World Report (6/13/06)

EXCERPTS

"In the first quarter [of 2006], home prices nationwide rose an additional 7.3 percent, according to a joint study by the financial services firm National City Corp. and the research firm Global Insight. As a result, there are now 71 metropolitan areas–representing nearly 40 percent of all single-family homes–that can be classified as "extremely overvalued," according to the study. By comparison, only 64 metro regions were considered frothy at the end of last year and only 1 percent were classified as such in the first quarter of 2004."

"The fact that this number of metro areas – representing such a large percent of the total single family market–is extremely overvalued should be a cause for concern," said Richard DeKaser, chief economist for National City.

The bottom line: Real estate prices eventually correct themselves. And unfortunately for homeowners, it often takes years before home prices start to rise again, especially after a big run up.

National City recently studied 66 major metro regions over the past 21 years that suffered through a 10 percent or greater decline in prices for at least a two-year period of time. It found that home prices, once they begin to correct, tend to decline 17 percent on average before markets heal themselves.

"And the average duration of these adjustments is 3.5 years," says DeKaser.

FULL TEXT:  http://tinyurl.com/gdozq

DEFINITION:
Valuations in excess of 34% are classified as "extremely overvalued."  A complete ranking of overvalued and undervalued housing markets, as well as past price declines and duration of market corrections are available in PDF form from the link below:

FULL REPORT:
Overvalued Housing Market? Depends Where You Live
Most Overvalued, Most Undervalued of the 317 Largest U.S. Metro Areas Examined
http://www.globalinsight.com/Highlight/HighlightDetail2350.htm<br/>Tags: extremely overvalued 1stq 2006<br /><br /><a href="http://www.platial.com/post/93956">Map this on Platial</a><br /> 
        ]]>
        </description>
<georss:point>39.164581 -119.766838</georss:point>
<dc:creator>platialUser:realestatecafe</dc:creator>
<dc:date>2006-06-19 21:31:27.5755+00:00</dc:date>
</item>
<item rdf:about="http://www.platial.com/post/93960">
<link>http://www.platial.com/post/93960</link>
<title>Barnstable, MA housing market</title>
<description>
        <![CDATA[
        Barnstable Town Hall (shown on map, website on link above)

GLOBAL INSIGHT / NATIONAL CITY CORP. VALUATION:  
2006/Q1  (see link to full report below)
$356,800 median sales price
43.4% overvalued

Classification:  "Extremely overvalued"
How long did the last housing price correction last?  
How far did prices fall?  See:
http://www.platial.com/place/95048

HOUSING BUBBLE CORRECTION COULD BE SEVERE
U.S. News & World Report (6/13/06)

EXCERPTS

"In the first quarter [of 2006], home prices nationwide rose an additional 7.3 percent, according to a joint study by the financial services firm National City Corp. and the research firm Global Insight. As a result, there are now 71 metropolitan areas–representing nearly 40 percent of all single-family homes–that can be classified as "extremely overvalued," according to the study. By comparison, only 64 metro regions were considered frothy at the end of last year and only 1 percent were classified as such in the first quarter of 2004."

"The fact that this number of metro areas – representing such a large percent of the total single family market–is extremely overvalued should be a cause for concern," said Richard DeKaser, chief economist for National City.

The bottom line: Real estate prices eventually correct themselves. And unfortunately for homeowners, it often takes years before home prices start to rise again, especially after a big run up.

National City recently studied 66 major metro regions over the past 21 years that suffered through a 10 percent or greater decline in prices for at least a two-year period of time. It found that home prices, once they begin to correct, tend to decline 17 percent on average before markets heal themselves.

"And the average duration of these adjustments is 3.5 years," says DeKaser.

FULL TEXT:  http://tinyurl.com/gdozq

DEFINITION:
Valuations in excess of 34% are classified as "extremely overvalued."  A complete ranking of overvalued and undervalued housing markets, as well as past price declines and duration of market corrections are available in PDF form from the link below:

FULL REPORT:
Overvalued Housing Market? Depends Where You Live
Most Overvalued, Most Undervalued of the 317 Largest U.S. Metro Areas Examined
http://www.globalinsight.com/Highlight/HighlightDetail2350.htm<br/>Tags: extremely overvalued 1stq 2006<br /><br /><a href="http://www.platial.com/post/93960">Map this on Platial</a><br /> 
        ]]>
        </description>
<georss:point>41.648795 -70.31036</georss:point>
<dc:creator>platialUser:realestatecafe</dc:creator>
<dc:date>2006-06-22 15:34:58.596633+00:00</dc:date>
</item>
<item rdf:about="http://www.platial.com/post/93961">
<link>http://www.platial.com/post/93961</link>
<title>Washington, DC MSA housing market</title>
<description>
        <![CDATA[
        Washington, DC Mayor's Office (shown on map, regional MSA wiki on link above)

GLOBAL INSIGHT / NATIONAL CITY CORP. VALUATION:  
2006/Q1  (see link to full report below)
$401,100 median sales price
38.3% overvalued

Classification:  "Extremely overvalued"

HOUSING BUBBLE CORRECTION COULD BE SEVERE
U.S. News & World Report (6/13/06)

EXCERPTS

"In the first quarter [of 2006], home prices nationwide rose an additional 7.3 percent, according to a joint study by the financial services firm National City Corp. and the research firm Global Insight. As a result, there are now 71 metropolitan areas–representing nearly 40 percent of all single-family homes–that can be classified as "extremely overvalued," according to the study. By comparison, only 64 metro regions were considered frothy at the end of last year and only 1 percent were classified as such in the first quarter of 2004."

"The fact that this number of metro areas – representing such a large percent of the total single family market–is extremely overvalued should be a cause for concern," said Richard DeKaser, chief economist for National City.

The bottom line: Real estate prices eventually correct themselves. And unfortunately for homeowners, it often takes years before home prices start to rise again, especially after a big run up.

National City recently studied 66 major metro regions over the past 21 years that suffered through a 10 percent or greater decline in prices for at least a two-year period of time. It found that home prices, once they begin to correct, tend to decline 17 percent on average before markets heal themselves.

"And the average duration of these adjustments is 3.5 years," says DeKaser.

FULL TEXT:  http://tinyurl.com/gdozq

DEFINITION:
Valuations in excess of 34% are classified as "extremely overvalued."  A complete ranking of overvalued and undervalued housing markets, as well as past price declines and duration of market corrections are available in PDF form from the link below:

FULL REPORT:
Overvalued Housing Market? Depends Where You Live
Most Overvalued, Most Undervalued of the 317 Largest U.S. Metro Areas Examined
http://www.globalinsight.com/Highlight/HighlightDetail2350.htm
<br/>Tags: extremely overvalued 1stq 2006<br /><br /><a href="http://www.platial.com/post/93961">Map this on Platial</a><br /> 
        ]]>
        </description>
<georss:point>38.895725 -77.031209</georss:point>
<dc:creator>platialUser:realestatecafe</dc:creator>
<dc:date>2006-06-19 21:55:23.677562+00:00</dc:date>
</item>
<item rdf:about="http://www.platial.com/post/94143">
<link>http://www.platial.com/post/94143</link>
<title>Phoenix, AZ housing market</title>
<description>
        <![CDATA[
        Phoenix City Hall (shown on map and link above)

GLOBAL INSIGHT / NATIONAL CITY CORP. VALUATION:  
2006/Q1  (see link to full report below)
$243,000 median sales price
42.9% overvalued

Classification:  "Extremely overvalued"

HOUSING BUBBLE CORRECTION COULD BE SEVERE
U.S. News & World Report (6/13/06)

EXCERPTS

"In the first quarter [of 2006], home prices nationwide rose an additional 7.3 percent, according to a joint study by the financial services firm National City Corp. and the research firm Global Insight. As a result, there are now 71 metropolitan areas–representing nearly 40 percent of all single-family homes–that can be classified as "extremely overvalued," according to the study. By comparison, only 64 metro regions were considered frothy at the end of last year and only 1 percent were classified as such in the first quarter of 2004."

"The fact that this number of metro areas – representing such a large percent of the total single family market–is extremely overvalued should be a cause for concern," said Richard DeKaser, chief economist for National City.

The bottom line: Real estate prices eventually correct themselves. And unfortunately for homeowners, it often takes years before home prices start to rise again, especially after a big run up.

National City recently studied 66 major metro regions over the past 21 years that suffered through a 10 percent or greater decline in prices for at least a two-year period of time. It found that home prices, once they begin to correct, tend to decline 17 percent on average before markets heal themselves.

"And the average duration of these adjustments is 3.5 years," says DeKaser.

FULL TEXT:  http://tinyurl.com/gdozq

DEFINITION:
Valuations in excess of 34% are classified as "extremely overvalued."  A complete ranking of overvalued and undervalued housing markets, as well as past price declines and duration of market corrections are available in PDF form from the link below:

FULL REPORT:
Overvalued Housing Market? Depends Where You Live
Most Overvalued, Most Undervalued of the 317 Largest U.S. Metro Areas Examined
http://www.globalinsight.com/Highlight/HighlightDetail2350.htm<br/>Tags: extremely overvalued 1stq 2006<br /><br /><a href="http://www.platial.com/post/94143">Map this on Platial</a><br /> 
        ]]>
        </description>
<georss:point>33.448529 -112.076402</georss:point>
<dc:creator>platialUser:realestatecafe</dc:creator>
<dc:date>2006-06-20 12:04:10.143853+00:00</dc:date>
</item>
<item rdf:about="http://www.platial.com/post/94215">
<link>http://www.platial.com/post/94215</link>
<title>Ocean City, NJ housing market</title>
<description>
        <![CDATA[
        Ocean City Hall (shown on map and on link above)

GLOBAL INSIGHT / NATIONAL CITY CORP. VALUATION:  
2006/Q1  (see link to full report below)
$310,100 median sales price
54.6% overvalued

Classification:  "Extremely overvalued"

HOUSING BUBBLE CORRECTION COULD BE SEVERE
U.S. News & World Report (6/13/06)

EXCERPTS

"In the first quarter [of 2006], home prices nationwide rose an additional 7.3 percent, according to a joint study by the financial services firm National City Corp. and the research firm Global Insight. As a result, there are now 71 metropolitan areas–representing nearly 40 percent of all single-family homes–that can be classified as "extremely overvalued," according to the study. By comparison, only 64 metro regions were considered frothy at the end of last year and only 1 percent were classified as such in the first quarter of 2004."

"The fact that this number of metro areas – representing such a large percent of the total single family market–is extremely overvalued should be a cause for concern," said Richard DeKaser, chief economist for National City.

The bottom line: Real estate prices eventually correct themselves. And unfortunately for homeowners, it often takes years before home prices start to rise again, especially after a big run up.

National City recently studied 66 major metro regions over the past 21 years that suffered through a 10 percent or greater decline in prices for at least a two-year period of time. It found that home prices, once they begin to correct, tend to decline 17 percent on average before markets heal themselves.

"And the average duration of these adjustments is 3.5 years," says DeKaser.

FULL TEXT:  http://tinyurl.com/gdozq

DEFINITION:
Valuations in excess of 34% are classified as "extremely overvalued."  A complete ranking of overvalued and undervalued housing markets, as well as past price declines and duration of market corrections are available in PDF form from the link below:

FULL REPORT:
Overvalued Housing Market? Depends Where You Live
Most Overvalued, Most Undervalued of the 317 Largest U.S. Metro Areas Examined
http://www.globalinsight.com/Highlight/HighlightDetail2350.htm<br/>Tags: extremely overvalued 1stq 2006<br /><br /><a href="http://www.platial.com/post/94215">Map this on Platial</a><br /> 
        ]]>
        </description>
<georss:point>39.279395 -74.575658</georss:point>
<dc:creator>platialUser:realestatecafe</dc:creator>
<dc:date>2006-06-20 15:29:43.670628+00:00</dc:date>
</item>
</rdf:RDF>