Though there are individual housing sectors that are overvalued, overall America’s housing market is roughly undervalued by 3 percent. Published on October 9, 2014 in America’s current prospect of another housing bubble crisisFull resolution (500 × 334) Though there are individual housing sectors that are overvalued, overall America’s housing market is roughly undervalued by 3 percent. Though there are individual housing sectors that are overvalued, overall America’s housing market is roughly undervalued by 3 percent.