Naples Florida is the most overpriced market in the US according to National City Mortgage. I found this article in Money Magazine, which covers most major markets across the country.
What’s their forecast for the rest of SW Florida real estate? They predict Cape Coral – Fort Myers homes to appreciate 9.3% from June 2006 to June 2007. This is in line with what the Ellis Team has been predicting. Statistically we think the market has hit bottom and now is the time for buyers to buy in earnest as their is good selection and still relatively low interest rates.