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45% to 59% Overvalue of Real Estate?

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%

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