Homes Less Overvalued

Though prices are not falling, according to this article homes are becoming less overvalued. This is good news and evidence that the housing market is heading for a soft landing as opposed to the crash many doom-sayers have been predicting. The author explains that while home prices are remaining steady, factors such as income have been rising, resulting in home prices becoming more in line with where they should be. Also suprising: while many areas are significantly overvalued, some, such as Pittsburgh and areas in Texas, are undervalued.