Buffalo, NY ranks among the top 5 most overvalued US housing markets, according to First American Financial Corporation's RHPI.
Buffalo, NY is one of the top 5 most overvalued housing markets in the US, according to First American Financial Corporation's Real House Price Index (RHPI). Buffalo experienced significant year-over-year home price hikes, along with other cities like Memphis, TN, Boston, MA, Providence, RI, and Cincinnati, OH. The national housing market has faced rising prices due to high demand and low supply, combined with increased mortgage rates.
June 22, 2024
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