Wednesday, August 29, 2007

Over-valued real estate #20 - Baltimore, Maryland

Traditionally, Baltimore was one of America's more unfashionable cities. As such, real estate prices tended to be very reasonable. However, Baltimore house prices have been making up for lost time. Over five years, prices have increased by 90 percent. Currently, Baltimore's real estate is trading 61 percent over its long run trend. Do you think prices can stay that high forever? Thought not.....

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