Home » Business » Migration from big cities boosts housing prices in smaller markets
Migration from big cities boosts housing prices in smaller markets
Migration from big cities leading to overvalued housing prices in smaller markets
The 10 most overvalued housing markets in the U.S. are in Idaho, Florida and Arizona. This means homes are selling for more than their expected price. Boise is the number one more overvalued market right now.
BOISE, Idaho – After 26 years of living in California, Teresa Jeffry and her family moved to Boise in November 2020.
"I do think Boise was, you know, a gem that people are finally discovering," Jeffry said.
Jeffry’s job allowed her to work from anywhere. The community in Boise and a lower cost of living were two of the biggest reasons for the move.
WHAT'S FUELING AMERICANS' BIG-CITY EXODUS
"The people helped to sell us in Boise," Jeffry said. "And then the other thing is, I feel like your money goes a lot further here. So, there’s a sense of accessibility and affordability."