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There are Now 210 U.S. Housing Markets at Risk of 15% to 20% Home Price Declines, Says Moody’s

Moody’s Analytics chief economist Mark Zandi says he expects national home prices to decline up to 5% from peak to trough in housing markets across the country.

According to Fortune, in some parts of the country this ongoing home price correction—which Moody’s Analytics doesn’t expect to bottom out for another 12 to 18 months—is expected to be much steeper. In “significantly overvalued” housing markets, Moody’s Analytics expects 5% to 10% home price declines. If a recession hits, Moody’s Analytics expects home prices to decline between 15% to 20% in those “significantly overvalued” housing markets.