Fitch Ratings: R.I. home prices up to 14% overvalued in Q3

PBN Staff

02/02/2021

HOME PRICES in Rhode Island were estimated to be 10-14% overvalued in the third quarter of 2020. /AP FILE PHOTO/DAVID ZALUBOWSKI — HOME PRICES in Rhode Island were estimated to be 10% to 14% overvalued in the third quarter of 2020. /AP FILE PHOTO/DAVID ZALUBOWSKI

PROVIDENCE – Homes in Rhode Island were 10% to 14% overvalued in the third quarter of 2020, according to a new report from Fitch Ratings. One year prior, Fitch found that Rhode Island homes were 5% to 9% overvalued. Prices in the state increased 9% year over year, the report said. Home prices in Rhode…

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