Just as we thought we were getting a handle on things, here we go again. MOST OVERPRICED REAL ESTATE MARKET, a great new mantra for Americas Finest City. Matt Woolsey, of Forbes who wrote the article,  admits that " had the weather been factored in, San Diego would have avoided our list of the top 10 most overpriced cities". He added that the rankings were based on a theoretical "price to earnings" ratio. This was attempting to put a price on the measure of what a homeowner paid for every $1 on return and then the housing affordability was also factored in. 

Forbes also identified a list of the least overpriced markets.  The least over priced real estate market city was... drum roll..... Charlotte, North Carolina. Yeah! The median price stands at $190,600. In San Diego, there is nothing resembling a home for that price. To read the article from Forbes, click here on FORBES

The only one good note in the article for San Diego was that it did not rank 1st in any of the individual measurements but taken over all, it landed in the top position as the most overpriced real market in the United States.