Idaho cities top list of most overvalued real estate markets
soar, with home prices in ’tater state cities topping the ranks of the country’s most-overvalued markets, according to Fitch Ratings.
The credit rating company compares current market prices with a proprietary estimate of “sustainable” prices, using the discrepancy to determine which cities are “overvalued” or “undervalued.”Idaho is in the epicenter of two powerful economic forces that have combined to result in explosive price appreciation for its relatively small markets:
The work-from-home revolution that's freed remote workers to relocate to areas offering the lifestyle they’re looking for.
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