Housing Markets Most Undervalued Cities

Would you believe Florida is on it?  Of course along with CA, Nevada, Michigan, and NJ to my surprise.  They do name individual cities and there are many others especially in Florida such as Fort Lauderdale, Miami, Palm Beach, and all of South Florida. 

You can certainly find an article that says just the opposite and I read them all of the time. I don’t choose to post them because a big part of all of this is consumer confidence.  Also, I want people to consider buying a home and then talk to a mortgage professional to determine what is best for them.  As I have said before, now isn’t the time to buy for everyone. 

This statement stood out to me and I am sure there is truth behind it but don’t let this article or any other article convince you to do something you don’t want to do or shouldn’t do.  The saying that I mentioned before that I heard is “owning a home is a lifestyle.” 

“I’ve done some research that shows when you get a bubble, you don’t just return to normalcy,” he added. “You go past normalcy for a long period of undervaluation.”

http://money.cnn.com/2010/01/27/real_estate/most_overvalued_metro_areas/index.htm?section=money_realestate&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_realestate+%28Real+Estate%29