Houston
(Courtesy Greater Houston Convention & Visitors Bureau)
While other markets struggled, real home prices in Houston increased nearly 5 percent from the first quarter of 2008 to the first quarter of this year. And even without a sharp decline in real estate values, projected job and population growth should drive home price appreciation and create value going forward. The median home price in Houston was $120,000 in the first quarter, which IHS Global Insight considers 37 percent undervalued.
