House Prices Are Least Overvalued In These 11 States
In the past two years, the housing market has been growing unsustainably across the U.S., with low inventory leading competing homebuyers to engage in bidding wars that have inflated the prices of new and existing homes. For aspiring first-time homebuyers, this is a hard time to purchase a home, especially as mortgage rates are now much higher than they were last year or even two years ago. Many homebuyers have been squeezed out of the market as a result of unaffordable prices and surging mortgage rates, which have in turn caused demand—and sales—to drop....