The most overvalued housing markets - Aug. 23, 2005

This is classic. Essentially neither NY or WA is really that great to buy a house in . Nassau-Suffolk broke the top 25 at 42% overpriced. Bellingham, WA, surprisingly, is the highest in WA at 35%, which is crazy. Bellingham is WAY up in Washington state, way north of Seattle. Why there? I'm thinking that its simply a matter of building more houses there. Some interesting ones are...

Seattle 25%
Tacoma 18%
Olympia 18%
Spokane 7%
Even Kennewick is there at 3% overrpriced!

Well, when demand outstrips supply again, we'll see these things come down. I hope....