A local real estate agent sent out a promotional email and included a link to this CNN Money article dealing with the “equilibrium” effect of real estate — in other words, why some U.S. markets are “correcting” themselves while others are still growing. Nashville is considered “fair value” with room for 8% growth to the equilibrium point, whereas San Jose, no surprise, is over 60% overpriced. At least, according to this organization. At that site, you can even download Excel spreadsheets showing some of the data that were used in producing the report.
Fair value of real estate