The US housing market is gradually thawing, yet 91% of homes remain overvalued, according to Fitch. Meanwhile, JPMorgan faces an eight-figure loss after offloading real estate.
Homes in 91% of US metro areas were overvalued in the third quarter, Fitch Ratings reported. Home prices are overvalued by 11.1%, an uptick from prior quarters, as wage growth lagged. December notched the highest annual price gain since 2022, …