Prices in several cities came in more than 20% above what would be considered a sustainable level when compared to local economic factors, according to the rating agency’s report.
https://www.nationalmortgagenews.com/news/more-than-90-of-housing-markets-overvalued-fitch-says
Bond traders surrender to higher-for-longer reality from the Fed
Bond investors who were once convinced that the Federal Reserve would start cutting interest rates...
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