The degree to which regional home prices are "overvalued" or "undervalued" according to Moody's Analytics

Quarterly analysis from Q4 1992 through Q1 2022

IF A HOUSING MARKET HAS A NEGATIVE PERCENTAGE, IT MEANS HOME PRICES THERE ARE LOWER THAN EXPECTED WHEN FACTORING IN LOCAL INCOMES. DATA FOR THE FIRST QUARTER OF 2022.

Chart: Lance Lambert SOURCE: Moody's Analytics