5 Housing Markets With Great Bargains (If You're Really Planning to Stay)
Fifth-most-undervalued market: Cleveland
How much prices lag fundamentals: 20.5%
Home sellers in the Rock and Roll Hall of Fame's hometown are definitely singing the blues these days -- good news for would-be buyers.
Trulia estimates that Cleveland's home prices, which peaked at 21% above fair value in 2005, have fallen to 20.5% below where fundamentals suggest they should be.But buyers beware: Kolko doesn't expect a turnaround anytime soon. "We're not likely to see strong home-price appreciation in the Rust Belt areas
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts