While I am in no way a bull on home prices, I thought that this latest housing valuation report from National City Bancorp was interesting.
They show San Diego as being overvalued by only about 8% – other areas of California much more so. There are obviously big issues with median price, variation within an area, etc. etc., but it is interesting since it has so much history and so many cities.
Raptorduck, you could probably find data to justify nearly anything. In any case:
