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45% to 59% Overvalue of Real Estate?

Crews Bank & Trust Wealth Management Services Sep 23, 2022
chart shows that Southwest Florida is still higher than the national average, represented by counties colored in with orange and red

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Today’s chart comes from Fortune, which shows the real estate markets that are “overvalued” based on the area's local incomes and construction costs.

The article states, “If a recession hits, Moody’s Analytics expects home prices to decline between 15% to 20% in those 'significantly overvalued' housing markets.”

Florida residency offers many benefits, which could be why Southwest Florida is still higher than the national average:

  • Punta Gorda: 59%

  • Sarasota/North Port: 55%

  • Cape Coral/Fort Myers: 55%

  • Tampa/St. Petersburg: 52%

  • Sebring: 46%

  • Lakeland/Winter Haven: 45%
Chart of the Day Managing your Wealth

About the Author

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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