Hot real estate market runs into a problem: is it too hot?

Florida Atlantic University and Florida International University researchers are crashing the Sunshine State real estate party — with some alarming, if not totally surprising, news: the market is overheated.

Homes in Florida were selling for 21.76% over their long time pricing trend through June 30, a report from the colleges found. That’s up from 19.24% in May and 17.17% in April. “Florida homes keep fetching more money than they’re worth, a disturbing development that eventually could put buyers in a bind,” the report states.