Las Vegas home prices are overvalued by about 28%, estimates Fitch. Dallas-Fort Worth is next, at 20% to 24% overvalued.
Nationally, home prices are 5.5% overvalued as of the fourth quarter, Fitch analysts estimate.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
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Las Vegas Tops List of Most Overvalued Housing Markets
Las Vegas has the most overvalued housing market of the 20 biggest U.S. metro areas, according to Fitch data as of the fourth quarter of 2020. So reports MarketWatch.
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