thawing,

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, S&P Global found. The US housing market is seeing some signs of loosening amid an …

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