Home prices too high in 71 cities

Home prices too high in 71 cities

By Sue Kirchhoff, USA TODAY
Updated 6/15/2006 12:23 PM ET
CHART: How prices in 317 metro areas stack up
WASHINGTON — Single-family homes in 71 U.S. cities were extremely overvalued in the first quarter of 2006 and at risk of price correction, with the costliest properties clustered in California and Florida, economists said Monday.
National City Corp. and consulting firm Global Insight in a joint study said