Housing Market had Over corrected to the downside

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In Fremont, Newark and Union City real estate associated with high API scoring schools are selling between 2005 to 2006 levels and those in lower API scoring areas, they are selling at 200-2001 pricing. Those neighborhoods are a relative bargain.

 

From Ds News

Hardest Hit Markets 'Overshot on the Downside': Report

In Pro Teck Valuation Services' June Home Value Forecast report, Phoenix was used as an example to argue the point that some of the hardest hit markets have "overshot on the downside." The real estate valuation company looked at two traditional appraisal methods for determining property values: replacement cost and income capitalization. Based on these two factors, Pro Teck concluded that home prices in certain markets are selling at prices which are actually way below their replacement costs and the rental yields. » Read More

 

 

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