CNN/Money ranks the most over and under valued areas for real estate in the country.  8 of the top 10 most undervalued areas are in Texas.

Killeen TX $98,100 -12.20%
Abilene TX $69,900 -12.40%
Beaumont TX $72,200 -12.70%
Memphis TN-MS-AR $105,800 -13.00%
Montgomery AL $103,000 -13.40%
Houston TX $107,900 -16.50%
Fort Worth TX $105,500 -17.30%
El Paso TX $88,900 -17.90%
Dallas TX $127,900 -18.50%
College Station-Bryan TX $94,400 -22.70%

For those of you who invest nationwide, Texas is looking very attractive!

The most OVER-valued areas in the US (again according to CNN/Money) are:

Metro State Median
price
% over/
undervalued
Naples FL $367,100 96.30%
Merced CA $287,000 86.20%
Salinas CA $611,200 83.80%
Stockton CA $339,800 79.50%
Madera CA $290,100 77.00%
Santa Barbara CA $638,000 76.70%
Port St. Lucie-Fort Pierce FL $233,900 75.00%
Riverside-San Bernardino CA $320,600 72.90%
Modesto CA $317,500 72.30%
Medford OR $268,400 69.70%

Looks like the smart money is moving out of the coastal states of California and Florida!

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