The Daily Mail reported on the 26th that Fitch expects housing prices to rise by 3% again next year, with a potential rebound in 2025, with an increase ranging from 2% to 4%. However, this sustained rise in housing prices may limit the purchasing ability of first-time buyers and those entering the market.

However, according to another report released by researchers from the personal finance website GoBankingRates, based on data from the real estate portal Zillow, there are opportunities to buy relatively inexpensive properties in 20 metropolitan areas where housing prices are undervalued. While the reliability of this report is yet to be confirmed, believers still have some confidence in its viewpoints.

The most undervalued metropolitan area is Cape Coral in Florida. The average house price in the region is $419,840, while the median for properties listed for sale in 2023 is only $169,989, with an undervaluation of up to $249,851.

Next is Eau Claire in Wisconsin, with an undervaluation of $118,750. Additionally, Urban Honolulu in Hawaii, Punta Gorda in Florida, San Francisco and Milwaukee in California, and Milwaukee in Wisconsin are also considered undervalued areas.

However, it is worth noting that, according to The Wall Street Journal's report in August, due to the need for insurance companies to cover substantial losses from risk underwriting, they are considering raising homeowners' insurance rates or withdrawing investments from some coastal cities frequently affected by natural disasters, such as Cape Coral in Florida.

According to data from the Insurance Information Institute, the average annual homeowners' insurance cost for residents in Florida has doubled over the past five years, increasing from $1,988 in 2019 to $6,000.