These two US housing markets are over-valued says global study

Home prices may be rising to unaffordable levels in many US markets but only one American city features in the global top 10 listing of financial centers at risk of a bubble.

The rankings, from Swiss bank UBS, shows that the San Francisco housing market is over-valued along with Los Angeles.

Both cities remain in 10th and 11th places respectively in the Global Real Estate Bubble Index while New York and Boston are considered ‘fair value’ and Chicago is ‘under-valued’, the only one of the top 20 list to be so.

Desirable places are always overvalued. .I would worry more about undesirable places…

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