15 Most Overpriced Housing Markets

The pandemic and low interest rates helped drive an unprecedented surge in home prices in America, driving the median price of an existing home to $416,000 in June, according to the National Association of Realtors.

But now, interest rates have jumped, inflation is soaring, and a recession could be on the way. Buyers and sellers alike should be aware of how that affects the value of houses in their markets. The Beracha and Johnson Housing Market Ranking is a good place to start.

Professors Eli Beracha and Ken Johnson at Florida International and Florida Atlantic universities, respectively, use a group of open-source housing indexes to come up with their list each month to assess how much our 100 largest markets are over- or underpriced.

Here are their 15 most overvalued markets.

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