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- Homes in 91% of US metro areas were overvalued in the third quarter, Fitch Ratings reported.
- Home prices are 11.1% overvalued, 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 uptick in sales and inventory, but last year's price growth has only intensified the overvaluation in the market, Fitch Ratings highlighted on Friday.