According to the latest measurement of housing prices relative to incomes & rents by The Economist Magazine homes in the US are undervalued. The index looks at housing markets across the globe and currently the US is one of the most undervalued markets alongside Germany & Japan. You can see the full article by clicking HERE. If this interests you then I would encourage you to review my last article in my newsletter in which I made similar measurements for the Portland-Metro area. You can download that by clicking on THIS LINK.