San Francisco-based real estate website Trulia recently ranked Las Vegas as the most undervalued housing market in the country. Remarkably, this is true despite double-digit gains in median prices over the past year.
Trulio states that local home prices are 24 percent below what they see as justified levels based on market fundamentals such as income-to-price and income-to-rent ratios. Read more online at the Las Vegas Review-Journal.
