Americans Are Overpaying for Homes, As Housing Market Remains Tight.<br />According to a study by Florida Atlantic University, <br />compared to historical prices, homebuyers in the most expensive cities in America are paying a premium of over 40%.<br />Business Insider reports that <br />Atlanta tops the list of the most <br />overpriced cities in the United States.<br />Five of the other top 10 most expensive <br />cities in the U.S. are in Florida.<br />Florida is so overvalued almost <br />certainly because of the increased <br />demand to live here combined with <br />a shortage of available housing units, Ken H. Johnson, economist at FAU, via Business Insider.<br />There are just not enough roofs to <br />go around, given our population and <br />Florida's stature as a prime destination, Ken H. Johnson, economist at FAU, via Business Insider.<br />Business Insider reports that the housing market has <br />remained tight in 2023, with mortgage rates and <br />prices still high, leaving homeowners reluctant to sell.<br />Here are some of the most <br />expensive cities and the premiums between <br />current costs and long-term prices. .<br />Atlanta, Georgia, , +48.57%.<br />Detroit, Michigan, , +45.80%.<br />Tampa, Florida, +43.98%.<br />North Port, Florida, +43.49%.<br />Cape Coral, Florida, +43.35%
