Reuters: U.S. house prices overvalued by up to 20 percent: IMF paper

[NaDiNe]

U.S. house prices overvalued by up to 20 percent: IMF paper
      

WASHINGTON (Reuters) - The downward spiral of U.S. housing prices still has a way to go and homes were overvalued by between 8 percent to 20 percent in the first quarter of this year, according to research by an International Monetary Fund economist published on Friday.
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