CNNMoney. com ran an article this week naming Vero Beach Florida the nations second most undervalued city for real estate. The newly released 2010 report was compiled by IHS Global Insight and PNC Financial Services. Vero Beach Real Estate was undervaluted by -39.8%.
These judgments are determined by comparing median home prices, local interest rates, population densities and income, plus historical premiums or discounts that areas have exhibited over time.
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