You Snooze, You Lose

Bargain hunting buyers are back with a vengance. These buyers know value when they see it. Low prices and low interest rates have lured many investors back into the market. In an article I found today on cnnmoney.com, Les Christie reported that housing affordability is at almost an all time high (Most Over- and Under- Valued Housing Markets), so as a consequence, savey investors are starting to pounce.

Of the 330 housing markets studied in a recent IHS Global Report, 248 were considered under-valued... as much as 42.5% in Vero Beach, Florida!!! The most over-valued city is Atlantic City, NJ, weighing in at 44.1% over-valued.

You may also want take a look at some of my previous posts, which have other articles about surging sales and increased housing affordability (May 27th, June 1st and June 2nd).