According to a new study published in Fortune, if the U.S. economy falls deeper into a recession, housing prices could dip by as much as 20 percent in 183 cities nationwide.
The data from Moody’s analytics reveal that 183 of the 413 top housing markets are “overvalued” by more than 25 percent. If the slump in the housing market continues, it could translate to a price decline of as much as 20 percent in those markets.
