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%