Bubble watch: Half of California homes 10% or more overvalued
Bubble watch: Half of California homes 10% or more overvalued
“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead.
Buzz: Half of California’s 26 metropolitan areas have home values estimated to be at least 10% overvalued.
Source: My trusty spreadsheet reviewed estimates of home-price valuations by Wall Street credit watcher Fitch Ratings. It compared house values with various local business and real estate…