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Veros also is projecting the five strongest and weakest housing markets.
Home prices in some cities exceed their 'fundamental value,' Trulia says. Others may be undervalued.
Home prices may actually be higher in areas designated as 'high risk.'
Luxury real estate in large cities worldwide ranges from $470 to $6,800 per square foot.
In these cities, homeowners devote well more of their income on their mortgage than average.
The average homeowner pays $2,800 in property taxes annually. In some states, residents pay five times as much.
According to one report, the more patchwork a city grows, the more trouble it faces with public-health issues.
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