The Daily Money: Renters face bidding wars; Boise, Idaho the most overvalued housing market in the nation
Good morning, Daily Money friends, it's Nathan hoping you have a great Thursday!
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💡 INSIGHT OF THE DAY: With home prices soaring, the most overvalued housing market in the country is Boise, Idaho, where homes are selling for 81% more than they should, according to a new report by Florida Atlantic University (FAU) and Florida International University. The most undervalued market is Honolulu, where homes are selling for 5% less than they should, possibly due to an excess supply of timeshare units and second homes that Americans couldn't access for several months when the pandemic began. Our Swapna Venugopal Ramaswamy has details on the 10 most overvalued housing markets today.
📰 And here are more stories you won't want to miss:
1. It's a tough market for buying a home. Here's how buyers are doing it.
2. It's not easy for renters, either: Some are facing bidding wars of their own.
3. Don't answer that strange text message: Look out for this scam romising help with your child tax credit.
4. What are Parent PLUS loans? Can new graduates take over payments when they get a job?
5. Ready to say goodbye to passwords? Users will no longer need one for Microsoft accounts.
6. SpaceX launched an all-civilian crew on Wednesday: Here's what it might cost for you to go to space someday.
🌎I, for one, will go ahead and take care of some earthly bills first.