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Is Housing in Atlanta Still Undervalued?

by Peter Thomas Ricci

The housing market has seen strong price gains through much of 2013, but has it made up all that lost ground from the downturn?

trulia-bubble-watch-housing-recovery-chicago-miami-houston-home-prices

Let’s start with the good news: there’s no way that the national housing market is in a bubble. According to the latest Bubble Watch from Trulia, home prices are still 4 percent undervalued to their fundamental level in 2013’s four quarter; for comparison’s sake, home prices were 39 percent overvalued in the first quarter of 2006.

But what about here in Atlanta? See our graph below to find out:

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