Source: Yahoo Finance —
Years of soaring home prices have led to 96% of the largest markets in United States having overvalued real estate, according to a new analysis by Moody’s Analytics.
Most of the market now remains overpriced by about 25%.
That could lead to particularly sharp declines should the U.S. fall into a recession, warns Moody’s chief economist Mark Zandi in an interview with Fortune. In such a scenario, he predicts national prices could decline by an average of 5%, with overheated markets possibly dropping 15% to 20%.
Here are the five U.S. cities most at risk.
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