Study finds real estate overvaluation across Florida
According to a recent report from Florida Atlantic University and Florida International University, housing prices in Florida are significantly overvalued in multiple markets, with the state as a whole deviating significantly from historical trends.
Nine out of the top 14 most overvalued markets were located in Florida, with Tampa ranking third — behind only Detroit and Atlanta — with a premium of 43.98 percent, while North Port-Bradenton and Cape Coral-Fort Myers rounded out the top five.
Other overvalued markets in Florida include Lakeland, Palm Bay, Jacksonville, Deltona, Orlando, and Miami. Per the report, the overvaluation can be attributed to the high demand for housing in Florida coup...
