"U.S. home prices have risen 13%. However, Fitch sees the growth as unsustainable. In fact, national..."

“U.S. home prices have risen 13%. However, Fitch sees the growth as unsustainable. In fact, national prices are approximately 17% overvalued as per Fitch’s Sustainable Home Price (SHP) Model. Many of those cities, not surprisingly, are in California, according to Director Stefan Hilts.”



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FitchResearch

Before, ratings agencies ignored a bubble. Now when they report it we’ll ignore them.

(via thecallus)

The cycle of greed.

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