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Respected analyst predicts ‘overvalued’ San Francisco Bay Area home prices may drop

By Third PartyAugust 28, 2022

Source: SF Gate —

A respected analyst is issuing a warning for the San Francisco Bay Area: Homes are overvalued, especially in this cooling real estate market.

Mark Zandi, the chief economist at the venerated firm Moody’s Analytics, told Fortune in a report published Wednesday that the San Francisco Bay Area housing market is overpriced, albeit not to the degree of rapidly growing housing markets elsewhere in the country.