‘Housing correction’ is coming. What homeowners, buyers and sellers should know.

Source: M Live — 

Coming out of the pandemic shutdown lit the match for housing demand, and it’s been burning hot for nearly two years straight — but a housing correction is finally on the horizon.

Two-thirds of the nation’s largest housing markets are overvalued, according to a report by Moody Analytics, an economic research firm regarding risk, performance and financial modeling.

The report found 210 metro areas were overvalued by 25% or more. Within that stat are 10 Michigan markets.