Only one U.S. home market is now extremely overvalued: Atlantic City

Atlantic City, N.J. is the only large U.S. housing market that is extremely overvalued, according to IHS Global Insight's first quarter 2009

Atlantic City, N.J. is the only large U.S. housing market that is extremely overvalued, according to IHS Global Insight’s first quarter 2009 “Housing Prices in America” report. By comparison, the company said it selected 52 extremely overvalued metro areas back during the peak of the housing boom in 2005.

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