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.
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.
Read the full article from MarketWatch.
Source: themortgageleader.com