2) ➡️ Over the coming year, Moody’s Analytics chief economist @Markzandi now predicts U.S. house prices will shift somewhere between 0% to -5%.
— FORTUNE (@FortuneMagazine) August 25, 2022
4) That baseline forecast assumes the U.S. won’t enter into a recession.
🔻If a recession hits, Moody’s Analytics now predicts U.S. house prices will fall between -5% to -10%.
— FORTUNE (@FortuneMagazine) August 25, 2022
6) 📊 At the latest reading, Moody’s Analytics finds 183 of the nation’s 413 largest regional housing markets are “overvalued” by more than 25%. https://t.co/XFjsNy3bgU pic.twitter.com/mc0bayy4Y5
— FORTUNE (@FortuneMagazine) August 25, 2022
8) Heading forward, Moody’s Analytics expects the 183 markets overvalued by more than 25% to see home prices decline by -10% to -15%. https://t.co/XFjsNy3bgU
— FORTUNE (@FortuneMagazine) August 25, 2022
h/t pud2.0