Here's something you might be interested in.
San Diego's Mission Hills is the country's fifth most overpriced area, according to the new Forbes.com article, "America's Most Overpriced Zip Codes." To be ranked as excessively priced, homebuyers must pay the highest prices relative to what they could pay to rent similar properties in the same area. Forbes.com notes that the overall San Diego real estate market is declining (and how!), but Mission Hills values have soared from $300,000 in 2003 to $800,000. Among the ten most overpriced zip codes are downtown Seattle, the Coronado area of Phoenix, and the Willow Glen section of San Jose.
San Diego's Mission Hills is the country's fifth most overpriced area, according to the new Forbes.com article, "America's Most Overpriced Zip Codes." To be ranked as excessively priced, homebuyers must pay the highest prices relative to what they could pay to rent similar properties in the same area. Forbes.com notes that the overall San Diego real estate market is declining (and how!), but Mission Hills values have soared from $300,000 in 2003 to $800,000. Among the ten most overpriced zip codes are downtown Seattle, the Coronado area of Phoenix, and the Willow Glen section of San Jose.