When is home overvalued?
When is home overvalued? There's new way to learn
The Charlotte Observer - Oct 28 10:14 AM
Nobody likes to hear the bad news that they paid too much for their house. Or that their neighborhood is 20 percent overvalued and prone to downward adjustment. But a group of economists who are in the business of assessing financial risk have come up with a new statistical tool they say detects real estate price bloat. It's called the Valuation Index and was released Tuesday by PMI Group of Save to My Web
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