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In Historically Overvalued Housing Market, These Cities Could See Home Prices Drop 10%



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The ongoing housing boom—which has seen home prices climb 34% over the past two years—could soon wind down. At least that’s according to Mark Zandi, chief economist at Moody’s Analytics.

At this point, Zandi doesn’t foresee a national home price correction. However, he does believe some of the nation’s most overpriced housing markets could see home prices decline up to 10% over the coming year.

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