| A recent study conducted by Global
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| | posting their smallest price gains since
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| Insight and National City has come to the
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| | 2003 (a 7.3% annual rate).Although there
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| conclusion that a significant number of
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| | are overvalued areas cross the country,
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| America's housing markets are, in the
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| | California and Florida led the nation by
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| words of the study itself, "extremely
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| | a considerable margin. In fact, those two
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| overvalued."The study discovered that
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| | states accounted for 17 of the top 20
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| some 71 U.S. housing markets,
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| | areas in the survey. Topping the list was
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| representing more than a third of all
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| | Naples, Florida, which was determined to
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| American housing units (39%), were valued
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| | be 102% overvalued according to the
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| at least one-third higher than what was
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| | study's findings. Salinas, California,
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| considered "normal" for that area, based
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| | was second, and the top five areas on the
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| on such mitigating factors as median
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| | list included Port St. Lucie, Florida;
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| sales prices and income, population, and
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| | Merced, California; and Bend,
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| historic home values.The number of
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| | Oregon.Among America's largest
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| overvalued areas in America was up 3%
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| | metropolitan areas, Miami, Florida, was
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| from the fourth quarter of 2004, when
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| | considered the most highly overvalued
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| housing in 64 U.S. markets was considered
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| | market, at 64 percent. Miami was then
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| higher than could be considered
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| | followed by three California cities, Los
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| sustainable. Even though a 3% increase
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| | Angeles (at 64%), Oakland (at 61%), and
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| may not seem substantial in and of
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| | San Jose (at 44%). The study also found
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| itself, the 39% overall figure represents
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| | two counties in New York, Nassau and
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| a startling increase from the first
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| | Suffolk (at 44%), and Phoenix, Arizona
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| quarter of 2004, when only 1% of
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| | (at 43%) to be significantly
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| America's housing was considered
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| | overvalued.It's not all bad news,
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| overvalued.That's a 38% increase in less
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| | however. There are still some parts of
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| than two years, which is enough to catch
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| | the country where the real estate markets
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| the eye of economists, but what do such
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| | weren't considered overvalued. In fact,
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| figures mean to consumers? The study
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| | of the 317 examined by the study, there
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| suggests that it could likely indicate a
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| | were 88 America's largest metropolitan
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| downturn in home prices in the affected
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| | markets were actually considered to be
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| areas over the next three and a half
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| | undervalued. In that regard, several
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| years, and the price drop could be
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| | cities in Texas seemed to fare best,
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| significant. In fact, over the years, it
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| | according to the study. The Dallas/Ft.
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| has historically translated to a drop of
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| | Worth area led the nation, being
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| one-half of the overvaluation.For the
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| | undervalued by 19%, Houston was second
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| basis of the nationwide study, statistics
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| | (at 16%), and San Antonio was fourth (at
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| from the Office of Federal Housing
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| | 11%). Much-beleaguered New Orleans,
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| Enterprise Oversight were examined and
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| | Louisiana, came in third, being
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| analyzed. According to those statistics,
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| | undervalued by 12%, according to the
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| the first quarter of 2006 saw
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| | study's findings.
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| single-family American home prices
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