Housing is now overvalued in 88% of the U.S., says ratings agency Fitch

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The housing market is overvalued in 88% of U.S. metropolitan areas, according to a new report by Fitch Ratings.

The ratings agency said Wednesday that housing was overvalued by 9.4%, nationally, in the second quarter of 2023. The agency said it expects prices to remain elevated, with prices having climbed further in the third quarter.

The…

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