A study that looked at the education levels of the residents from the 200 largest metros identified Boulder, Colo., as the nation’s smartest city, as well as nine other mostly small-city locales that are home to high tech and aerospace companies as well as brainy people.
“We often associate larger cities as the centers of education and culture, and therefore epicenters for the country’s smartest people. However this study shows that smaller cities can attract some significant brain power. Out of the top 10 smartest places, six of them have populations of less than one million people,” said J. Jennings Moss, editor of Portfolio.com.
Here are the nation’s top-10 brainiest cities:
- Boulder, Colorado
- Ann Arbor, Michigan
- Washington, D.C.
- Durham, North Carolina
- Fort Collins, Colorado
- Bridgeport-Stamford, Connecticut
- San Jose, California
- Boston, Massachusetts
- Madison, Wisconsin
- San Francisco-Oakland, California
Source: Portfolio.com (12/01/2010); blog distribution by Kenneth Bargers and Bargers Solutions residential real estate services located in Nashville, Tennessee.
Nationwide, only 87 markets are in the overvalued category, according to a newly released 2010 report compiled by IHS Global Insight and PNC Financial Services.
That means 242 of the 299 largest U.S. housing markets are selling for prices that even bankers think are less than fair market value. The judgment is based on a comparison of median home prices, local interest rates, population densities and income, plus historic premiums or discounts.
Here are the 10 most undervalued areas, according to the study:
- Las Vegas, -41.4 percent
- Vero Beach, Fla., -39.8 percent
- Merced, Calif., -37.7 percent
- Cape Coral, Fla., -36.8 percent
- Houma, La., -34.6 percent
- Port St. Lucie, Fla., -33.3 percent
- Warren, Mich., -32.3 percent
- Vallejo, Calif., -31.9 percent
- Modesto, Calif. -31.8 percent
- Stockton, Calif., -31.8 percent
Source: CNNMoney, Les Christie (01/27/2010)