I was surprised to see the city next to where I live listed as a metropolitan area, let alone on the overvalued property list. Real estate values in the Hudson valley have been steadily climbing the last few years as people move out of the NYC area.
It's kind of nice for my property to be building equity, which hopefully it will hold if the market cools off. My wife and I aren't moving though. We have a nice home which has been paid for for a number of years.
Now if only the NYC peeps would stay in NYC, it wouldn't be getting so crowded here.
