US Housing Market Shows Life, Yet Overvaluation Clouds Recovery, Fitch Reports The US housing market is beginning to show signs of recovery with an increase in sales and inventory, yet challenges persist due to significant overvaluation, according to Fitch Ratings. Despite a positive shift in market dynamics, the effects of last year’s price surge have exacerbated the issue, with homes being overvalued by an average of 11.1% across 91% of US metropolitan areas as of the third quarter. This trend of overvaluation is expected to have persisted through the end of the last year, as prices continued to rise into the fourth quarter. Fitch’s analysis underscores the ongoing imbalance in the housing market, highlighting the need for caution among buyers and investors. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Market Watches Fed and Inflation Cues as Gold Steadies at $2,300 READ MORE Gundlach Skeptical of 'Goldilocks' Economy, Foresees Recession READ MORE Fed's Powell: More Evidence Needed Before Rate Cut Considerations READ MORE Argentina's $5 Billion Gold Gambit: Reserves Moved for Potential Collateral READ MORE Biden Administration Blames GOP for Blocking Inflation-Fighting Measures READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment