Austin Texas Among bargains, Texas has some of most undervalued markets in U.S>
According to the Linda Scott, American-Statesman, Austin and other Texas housing markets are among the most undervalued in the Nation, accordiing to a new analysis of data by Global Insight Inc. and National City Corp. Austin, and in Texas overall, recent rapid increases in prices never occurred, so the state has avoided the real estate bubble that plagued many areas out west and on the east coast including Florida.
For instance, Austin, at -9.1 percent, is in the fair market range while Dallas at -28.1 percent is considered undervaluded. Althought not listed in the study, Georgetown Texas and its community of Sun City are some where between the two examples. Meaning that we still have great value for your investment.
The writers of the report "House Prices in America", caution about overinterpreting the data. For instance, though homes in Bend Ore., are overvalued by 70 percent, that does not necessarly mean prices in that city are expected to fall that much in the near future.