Home prices are 10% overvalued, opines Fitch, as low mortgage rates and low inventory are...

|By:, SA News Editor

Home prices are 10% overvalued, opines Fitch, as low mortgage rates and low inventory are masking weak fundamentals (aren't rates and inventory two of the fundamentals?). High unemployment and a lack of wage growth would suggest the "sustainable" level of prices is 10% lower.