The degree to which regional home prices are "overvalued" or "undervalued" in 2022, 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.

Chart: Lance Lambert SOURCE: Moody's Analytics