Posted: 3/23/2007

Nationally, single family home prices rose in the fourth quarter by 1.8% and up over 4% compared to the same period the previous year. These numbers are based on Global Insight's analysis of 317 top real estate markets in the U.S.

Global Insight found 57 metro areas that continue to be overpriced. The most overpriced: Naples, Florida remains the most overpriced while Dallas and College Station, Texas are tied for the most undervalued markets in the U.S.

Single family home appreciation was strongest in areas that saw gradual appreciation as opposed to the rapid appreciation at the beginning of the price run-up. These areas include Arizona, Idaho, Utah, Washington and Oregon.

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