Here are the 5 most ‘overvalued’ housing markets in the US — they could even see prices plunge 15% to 20% if a bad recession hits

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.