The degree to which the 403 largest U.S. housing markets are "overvalued" or "undervalued", according to Moody's Analytics

A negative figure means the given housing market is "undervalued," while a positive figure means the housing market is "overvalued"

Analysis conducted by Moody's Analytics, quarterly assessment between Q1 2000 and Q4 2023
Chart: Lance LambertSource: Moody's AnalyticsCreated with Datawrapper