Home Prices are Overvalued in 70% of Metropolitan Areas: Fitch

National Mortgage News, Nov. 17, 2021–Paul Centopani (subscription)
The credit rating agency estimated prices at the national level are overvaluing homes by 10.5% in the third quarter, which included 70% of metropolitan areas. Further, the report showed 40% of markets overshot their value by 10% or more, compared to a 4% pre-pandemic share.