The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: cody andre who wrote (16007)	1/15/2004 10:01:43 AM
From: Tradelite	Read Replies (2) of 306849

<<35-40% Overvaluation seems to be the norm in the Washington, DC area >> Interesting statistic. Where did it come from? Statements like that always puzzle me. Overvalued based on what? What methods or criteria are being used to set the "base" for this opinion that something has now become "overvalued" by such a specific amount? Seems to me that if home prices suddenly fall by that amount, you could say that they were overPRICED by that amount, because they had no takers at the higher price. Definition of value for residential property = what buyers are willing to pay and sellers are willing to accept. Always! (or have the rules changed?)

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