America's Most Undervalued and Overvalued Cities

The housing crisis hasn't affected all areas of the U.S. equally. Some cities are undervalued and others are overvalued, according to research firm Local Market Monitor.

The big news of the survey? Las Vegas is on both the most undervalued and overvalued lists.

Also offering among the worst home values are Long Island, N.Y., Los Angeles and Portland, Ore., while Akron, Ohio, Cleveland, and Warren, Mich., have some of the best housing deals in the nation.