Atlantic City Bubble
There is some conflicting information in this report about the real estate market in and around Atlantic City. It seems that prices are down in some areas by as much as 10%, but are still going higher in other areas.
“With home prices throughout Atlantic County continuing to pull in high double-digit appreciations, a financial data and services group is labeling the area “extremely overvalued.”
The House Prices in America, Third Quarter 2005 report by National City Bank and Global Insight puts the Atlantic City Metro area at No. 13 on the list of most overvalued housing markets. The area is nearly 60 percent costlier than it should be, the study suggests.”
More…
“With home prices throughout Atlantic County continuing to pull in high double-digit appreciations, a financial data and services group is labeling the area “extremely overvalued.”
The House Prices in America, Third Quarter 2005 report by National City Bank and Global Insight puts the Atlantic City Metro area at No. 13 on the list of most overvalued housing markets. The area is nearly 60 percent costlier than it should be, the study suggests.”
More…
posted by Little_Silvered at 6:16 PM
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