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 Bonds Rally on Fed Rate-Cut Expectations READ MORE US Job Cuts Rise Sharply in January READ MORE Druckenmiller Makes Bet on Gold Miners READ MORE Mortgage Markets Shudder as Interest Rates Soar Past 7% READ MORE ZeroHedge: There's An Odd Chill In The Air – Dallas Fed Respondents Warn Of "Pending Doom" READ MORE Add a Comment Cancel replyYour email address will not be published.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