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 Gold Inches Higher with Eyes on Major U.S. Economic Reports READ MORE Eastern Gold Rush: How Chinese Traders Are Reshaping the Global Bullion Market READ MORE Major Retailers Offer Discounts to Attract Price-Conscious Shoppers READ MORE China's Price Plunge: Fastest Consumer Cost Drop in Over a Decade Signals Economic Woes READ MORE Oil Prices Waver Amid Red Sea Shipping Risks and Geopolitical Tensions READ MORE Add a Comment Cancel replyYour email address will not be published.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