Housing Prices in Fort Worth/Arlington Area Undervalued.

It’s a great time to invest in the Fort Worth/Arlington area. As housing prices are currently undervalued, but are expected to climb soon. According to a report by Moody’s Economy.com Housing prices in the Fort Worth/Arlington area are undervalued. Moddy’s evaluation is based on price-to-income ratio, which fell from 3.95 in the forth quarter of 2005 to 1.89 in the third quarter of 2009. This is compared to an average price-to-income ratio of 2.02 for the 15 year period beginning in 1988 and ending in 2003. Moddy’s expects home prices in the area to continue to decline for a short time and then begin climbing higher. The price increase will be aided by the local labor market, which is expected to perform better than the national average. More on Moddy’s report coming later this week.