Fitch warns home prices overvalued

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While home prices keep setting records in Idaho’s Ada and Canyon counties, a credit rating service warns that the state’s home prices are among the most overvalued in the nation. Fitch Ratings.

but prices are among the most inflated now, new data show. Homes statewide are 15 percent overvalued, tied for highest in the nation with North Dakota and Hawaii, according to analysts with Fitch.

Contents views 27 comments watch home prices continue Home prices grew Agency maintains real Fitch Warns Of Housing Bubble, Says Houses Overvalued By jojo follow jojo following x follow jojo 2014 Mar 12, 5:35am 10,185 views 27 comments watch nsfw quote share And so Fitch warns that "any decline in income or increase in unemploymentRead More

Canada’s Housing Market Overvalued By 20 Per Cent, Fitch Warns. The average home price rose to $416,584 in June, up 7.1 per cent from the same month a year ago, according to the latest figures from the Canadian Real Estate Association. Data from July is expected Tuesday.

Fitch is the second U.S. financial agency to sound the alarm on Canadian home prices in the past week, with the Morningstar research firm predicting a 30 per cent correction was possible over the next.

The Las Vegas Review-Journal provides a visual guide – showing red-hot home prices over the past several years via Fitch data: "Southern Nevada home prices were 20 to 24 percent overvalued in the first quarter, Fitch Ratings reported Wednesday.

But both reviews, comparing house-price trends with underlying economic patterns, showed other parts of the nation with dicier real estate than California. Fitch found the typical U.S. home was 3.

Fitch Ratings estimates that home prices in Idaho are overvalued by 20% to 24%. That ties the Gem State with Nevada for the highest overvalued prices in the nation.

While Ada and Canyon County, Idaho, home prices keep setting records, a credit rating service warns that Idaho home prices are among the most overvalued in the nation. Fitch Ratings estimates that home prices in Idaho are overvalued by 20% to 24%.

Fitch Ratings warns that Texas has the most overvalued home prices in the country and that a correction may be coming thanks to falling oil prices. "After largely skirting the excesses and downsides of the last housing boom, significant recent growth has made Fitch cautious on the Texas housing market," the New York-based financial analyst says.

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