A new study examines how far out of control some housing markets have gotten as a result of pandemic trends in real estate.
"A new survey from Florida Atlantic University and Florida International University looks at the nation’s most overvalued homes, with Boise, Idaho, topping the list," reports Chris Morris. "Homes in the Gem State sell for a stunning 80.64% premium, based on a history of past pricing."
Boise far outpaces the second city on the list, Austin, where homes are a little more than 50 percent overvalued, according to the study. Ogden and Provo follow, with Detroit (!!) rounding out the top five. Of 100 cities evaluated, 95 are overvalued, according to the study.
Researchers Ken H. Johnson and Eli Beracha produced the study using data from the Zillow Home Value Index. The methodology can be found here.
The findings of the study come with a warning, writes Morris: "If you plan to move soon, you could find yourself later selling property at a loss."
The study follows shortly after a Pew Research Center survey revealed more Americans voicing a preference for single-family housing in sprawling development patterns, far from retail and other uses.
FULL STORY: These are the most overvalued housing markets in the U.S.
The Extreme Measures of the Pandemic 'Housing Boom'
It's hard to describe the current trends in the housing market as a "boom," though homebuying costs are surely rising.
Where Housing Prices Climbed Most During the Pandemic
Homes in suburban and even rural locations were hot commodities on the pandemic real estate market, according to an industry report.
'Corporate Landlords and Market Power': Study Surveys the Single-Family Rental Boom
New research documents the growing footprint of large institutional investors in the housing market during the pandemic, converting more and more of the nation's single-family detached housing units into rental properties.
The Right to Mobility
As we consider how to decarbonize transportation, preserving mobility, especially for lower- and middle-income people, must be a priority.
Early Sharrow Booster: ‘I Was Wrong’
The lane marking was meant to raise awareness and instill shared respect among drivers and cyclists. But their inefficiency has led supporters to denounce sharrows, pushing instead for more robust bike infrastructure that truly protects riders.
Push and Pull: The Link Between Walkability and Affordability
The increased demand for walkable urban spaces could make them more and more exclusionary if cities don’t pursue policies to limit displacement and boost affordability.
Memphis: Crime-fighting Camera Sheds Light on Police Abuse
The irony is unmistakable. Public surveillance cameras, long controversial in the criminal justice community, provided pivotal video footage of the beating of motorist Tyre Nichols by five Memphis police officers at a traffic stop on January 7.
How Autonomous Cars Could Impact Energy Use
The complex algorithms used by self-driving vehicle technology use massive amounts of energy, which could lead to a steep rise in carbon emissions as autonomous cars become more commonplace.
Safe Streets Grants Announced
The federal Safe Streets and Roads for All program funds planning and implementation for road safety projects aimed at reducing traffic deaths and building safe infrastructure for pedestrians, cyclists, and other vulnerable road users.
Texas A&M AgriLife Extension
York County Government
York County, Human Resources
HUD's Office of Policy Development and Research
HUD's Office of Policy Development and Research
Harvard GSD Executive Education
City of Culver City
Sonoma County Transportation Authority
City of Piedmont, CA
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
