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SD Overpriced 25%
If only the market was logical and predictable! For those who want methodology details, our Burns Under/Overpriced Market Index analyzes the spread between a housing market’s current housing-cost-to-income ratio and its intrinsic (longer-term norm) housing-cost-to-income ratio, which we identify on a market-by-market basis. We calculate today’s housing-cost-to-income ratio by dividing the market’s median monthly housing…
