These 40 ‘overvalued’ housing markets could see 15% to 20% home price declines if a recession hits

These 40 ‘overvalued’ housing markets could see 15% to 20% home price declines if a recession hits

A housing bubble requires both a rush of speculators entering into the market and “overvalued” home prices. Oh, and the bust at the end, of course.

Unlike the housing bubble that popped in 2008, the pandemic housing boom isn’t underpinned by a frenzy of speculation, Moody’s Analytics chief economist Mark Zandi says. While home flipping has certainly ticked up during the pandemic, he says, we aren’t seeing the exuberance of the last bubble.

So is the coast clear? Well, not so fast. While…


Source link

About search

Check Also

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

[unable to retrieve full-text content]European Stocks Drop With US Tech Rally Faltering: Markets Wrap  Yahoo Finance …

Leave a Reply

Your email address will not be published. Required fields are marked *