The LA Daily News reports this unheard bit of news – L.A.’s housing market overvalued. The story also goes on to say, get this, that it wasn’t always over valued. Even more shocking – previously it was undervalued! But wait, there’s more. Apparently this kind of thing happens all over the country, where homes that are undervalued later become over valued, or not.. sometimes they stay under valued! OMG! And the final bit, which is going to send waves of terror through real estate developers everywhere… there’s no sure way to know what’s going to happen next, it’s all speculation! Holy Crap!!!