Home prices across much of the country are still overvalued, but the gap is narrowing, according to Fitch Ratings’ latest quarterly market update.
The agency has revised its Sustainable Home Price (SHP) model, and the results show that residential property values are now on track to fall an additional 9.1 percent nationally before arriving at a level that is supported by market fundamentals.
The...
Home prices across much of the country are still overvalued, but the gap is narrowing, according to Fitch Ratings’ latest quarterly market update.
The agency has revised its Sustainable Home Price (SHP) model, and the results show that residential property values are now on track to fall an additional 9.1 percent nationally before arriving at a level that is supported by market fundamentals.
The...