Reports Laura Rowley.
Charlottesville is #14 but Lynchburg is #1??!!
… according to Moody’s Economy.com.
The company determines an â€œequilibrium priceâ€ for the market based on its analysis of long-term supply and demand trends. The ranking â€œhighly overpricedâ€ indicates that the current market house price is more than two standard deviations above its historical relationship with the equilibrium price.
I tried to leave a comment asking what is considered “Charlottesville” – (the City or the MSA) – but had to login to the blog to do so. Sadly, the report looks to cost a couple hundred dollars.