Fitch Ratings: San Antonio, Austin nation’s most overvalued housing markets

​​SAN ANTONIO – San Antonio and Austin have tied as the most overvalued housing markets in the country, according to Fitch Ratings.

Compiled for Forbes, the list is based on home price growth rates compared with local​​ economic indicators.

In San Antonio and Austin, "home price growth outpaces the rest of the local economy at a higher rate than any other market," according to Fitch and Forbes.

Homes in both cities are overvalued by 19 percent, Fitch reports.