Home prices 'extremely overvalued' in 53 cities - Yahoo! News
I was a little surprised that Akron was only 3% estimated overvalued. I would have thought closer to 10%, especially given the decline in population.
A lot of baby boomers have a lot of equity tied up in their house and are depending upon a good sale price as part of their retirement.The problem is - once the last person who wants a house has a house, what happens to housing prices? To me a house is a place to live, not an investment.
