Friday, March 19, 2010
Phoenix homes now undervalued by 22%
A frequent leader of late on the negative side of housing stats, Phoenix avoided the top spot among offenders on IHS Global Insight’s analysis of overvalued housing markets during the real estate bubble. And as of year-end, home prices here were undervalued by more than 22 percent, according to the data released Friday.
http://bit.ly/93YT1r
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