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

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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Manchester United football club announces deal to sell up to 25% of club to Jim Ratcliffe

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

Master your money.

Subscribe to MarketWatch.

Get this article and all of MarketWatch.

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admin

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Opinion: With inflation staying higher for longer, stocks are best for your retirement savings

Oil futures tally a third straight gain on Red Sea shipping disruptions

Latest from Investment

Manchester United football club announces deal to sell up to 25% of club to Jim Ratcliffe

Why the U.S. government is changing the way it collects data on the oil market

Oil prices finish lower as U.S. crude supplies mark a 2-week climb of more than 17 million barrels

Drop in grain prices may lead to stronger corn and soybean demand, tighter wheat supplies

Oil futures settle at lowest since early July, pressured by demand worries and a rise in U.S. supplies