DFW HOMES UNDERVALUED
DALLAS (Dallas Morning News) – Home prices in the Dallas area are almost 32 percent undervalued, according to an IHS Global Insight study.
The same study indicates that prices in DFW have remained virtually unchanged over the year ending with first quarter 2009.
Texas housing has traditionally been considered undervalued because of the ease of building in the state, said Jeannine Cataldi, senior economist with Global Insight.
Prices declined in 199 of the 300 markets surveyed.