Augusta GA Real Estate Market undervalued, according to CNN Money

According to CNN, 65 of the nation's 299 biggest real estate markets are severely overpriced and subject to possible price corrections.

The Augusta Georgia real estate market is NOT one of them.

The good news is the Augusta area comes in at -2%.  That means that homes in this area are selling at slightly less than the 'real' market value.  While that is not good news for home sellers, it does indicate that the market is not vulnerable to the real estate bubble burst the mainstream media pundits like to rant about.  Anything but! The local market is slightly tilted to buyers and investors.

You can read the full article here.  It has a list of the biggest markets in the US and how they are performing.

Are you curious where the most hyper-inflated real estate market is right now?  Well, it's Naples, Florida, at an amazing 84% overinflation rate!  Apparently home buyers there aren't worried about hurricanes or ... well, anything!

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You can read more of my observations about the real estate market in the Augusta Area here:

NorthoftheSavannah Blog