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Home Prices Rise Slightly in 'Undervalued' Greensboro

Greensboro, N.C. is seeing a 3.34% rise in home prices from January of 2017 to January 2018, according to a recent report. While the home prices are rising, experts are say the Greensboro real estate market is "undervalued."

"That means homes are typically being sold at lower prices than the market can sustain over the long term given the local unemployment rate, median income and other factors, the Irvine, Calif.-based company reported Tuesday," according to National Mortgage News.

"By comparison, many of the most 'overvalued' markets have seen much more significant home price growth in the past year, CoreLogic reported."

Meanwhile, on a larger scale, home prices across the nation increases 6.6% from January 2017 to January 2018, according to the report. CoreLogic believes the growth will continue to January 2019 with a home price index hike of 4.8%.

To learn more about the increasing home price index in Greensboro's "undervalued" market, click on the image above.

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