Homes overvalued? At the end of 2019, the median national price for a sold home was $327,100. In the third quarter of 2023, it was $431,000, or a jump of 31.8%.

Yes, overvalued sounds apt.

According to Fitch Ratings, on a population-weighted average basis, 88% of homes in U.S. metropolitan statistical areas (MSAs) were overvalued in the second quarter of 2023.

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