US residential property undervalued, report says

[Nicholas Wallwork]

Residential property prices in the US are nearly 20% undervalued, especially in the states of California, Nevada, Michigan and Ohio, when compared to global markets, according to a new report.

States where properties are the most overvalued are Delaware, Montana and Oregon, as well as Washington DC, according to the information from independent macroeconomic research consultancy firm Capital Economics.

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[jitendrasnv]

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