While stopping just short of calling San Francisco’s market a bubble, new analysis from UBS argues that the city has the most overvalued housing market in the United States. According to the UBS Global Real Estate Bubble Index, housing in S.F. is more overvalued than in international hotspots like Amsterdam, Zurich or Paris. Read more.
Newly declared independent Rep. Justin Amash has formally left the GOP Conference and resigned from the House Oversight Committee, according to a letter he sent to Republican leaders on Monday. Read more.