By Dave Lucas
http://stream.publicbroadcasting.net/production/mp3/wamc/local-wamc-891834.mp3
Albany, NY – A new report suggests home prices in the Capital Region are over-valued. Capital District Bureau Chief Dave Lucas has details.
The updated quarterly study "House Prices in America" examines current and expected housing prices and valuation in the 330 largest U.S. metropolitan areas. On its website, IHS Global Insight describes itself as a "forecasting company" - IHS estimates that the median price of a home in the Capital Region: $199,000 is 11.3 percent "too high" - Senior Economist Jeannine Cataldi says prices have come down quite a bit since the housing boom bubble burst, and for the nation as a whole, the housing market is now slightly undervalued.