“Rating Agency Says Real Estate Overvalued by 10%”

That is one scary quote...as any are that people take one instance and apply it nationally..yicks yicks yicks !

Good morning Joe,

This quote is idiotic! To begin with all real estate is local...you can't make a statement that blankets the whole country! Of course the media could seize this as an opportunity to value the credibility but that would involve practicing journalism and our journalists have forgotten how!!

Good Morning Joe.

I would have liked to have read the article; perhaps you can reference it in a reply. What I have to say is this about similar opinions: Everyone is entitled to one, but you dont have to agree with it. Its unfortunate that they have a following. I guess some folks like to have their ears tickled.

Joe, Some people will buy into it which is unfortunate. These people don't do anything but hurt the economy with their misstatements.

I believe that the very low interest rates are causing home prices to be over-valued.  If interest rates were higher like 6% or more the sales would fall and so would the home prices. 

Joe  Crazy!  I love to tell seller's THANKS when they sell their home for above market value.  They just raised my property values!  I wonder what Fitch says about the stock market and oil prices?

The media will report any statistics. I don't pay attention. Each market is local and I have a been handle on what is happening in my area then the media. Market value is what a buyer is willing to pay for that type of property. We are holding our own in Delta County.

Well, every section of the country is different and down here I don't think that is the case.

50% of the people will fall for anything so that is there target. There will be many news agencies that will use this to make a point and so the half truths and white lies have the day

Joe if they sound like they are official and like they know what they know what they are talking about some people will believe them.  What is really sad is that those that believe them will end up sitting back waiting for properties to drop further before they buy.  They might just be in for an unpleasant surprise if they do.

Interesting,  Fitch, the rating agency, declared that real estate was overvalued by 10%.

Hi Joe, Well is someone said it, and it's on the internet or even a newspaper or magazine, it must be true, right? 

Hi Joe.  Compared to what is so true.  What a bunch of morons,