Ogden, Utah: 64.44% overrated
Ogden may not have the name recognition of other cities on this list, but that may soon change. Located about 40 miles from Salt Lake City, the charming mountain town is close to the big city. Perhaps this is part of its appeal.
Home prices have risen so much higher than expected that the FAU/FIU says the typical buyer is paying $538,863 instead of $327,698. That’s pretty premium! Of course, Ogden has a lot going for it: The skiing and hiking opportunities make it an outdoor playground.
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Las Vegas, Nevada: 63.20% overrated
Las Vegas is also a favorite city among people relocating from elsewhere in the country, especially in historically expensive housing markets. In fact, explains Realtor Jennifer Graff. FOX5 Vegas 80% of its customers are located in California, the Pacific Northwest, and the Midwest.
And what’s more, Graff says many of them are cash buyers. Therefore, bidding wars and waiting lists have become common. However, market conditions are beginning to change. According to the source, the prices have been reduced by 1,300 times recently.
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Atlanta, Georgia: 59.84% overrated
According to WABE, Atlanta is a growing city with “tremendous migration” and “tremendous job growth”. As a result, there is a huge demand for housing and prices have gone up. The source says that house prices rose by 20% last year.
Corporate investors have made it difficult for individual buyers to enter the Atlanta housing market. The source says this is because they are often able to make inspections and pay in cash. Hence, those who do not have deep pockets may want to avoid the market for now.
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