According to an article published by CNNMoney.com in early March, this could be the best time to buy in four years. The CNN article cited a report that stated "Home prices have dropped so quickly and so far that valuations - the difference between what a home should cost and its actual price - are the lowest they've been since 2004,"
Locally speaking, figures from another source show that the Jackson Metro Area ranked in the top ten of the most undervalued markets in the U.S. in 2007 with housing prices that were 15% under valued.
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