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pestatije
Why is it a risk? When prices go shooting up it's never a risk.
weard_beard
Whats interesting is in 2008 the vast majority of overpriced housing markets were CA, FL, and a little bit of AZ, NV, and NJ.

Now its all over: ID, TX, WA, MD, TN

Its as though we took 2008 as a playbook for how to run reckless housing markets in the rest of the country.

bediger4000
This is bad. If this happens before 2024, we're looking at a Trump 2nd and 3rd term.
gastroturf
Not disagreeing, but I really hope/wish you’re wrong. This would reflect profoundly short-sighted voters.
moistly
So, gosh, prices will retreat back to what they were in … May? BFD.
__derek__
The Related Articles section is amusing:

* These 183 housing markets could soon see home prices fall 20%, Moody’s says, August 24, 2022, BY LANCE LAMBERT

* Is the ‘home price correction’ coming for your housing market? These interactive maps show Moody’s 2023 and 2024 ..., August 15, 2022, BY LANCE LAMBERT

* Moody’s: Home prices to fall in these 210 housing markets—while these 204 markets will go higher, August 1, 2022, BY LANCE LAMBERT

* We’re in a historically overvalued housing market, and these cities could see home prices drop 10%, Moody’s says, May 2, 2022, BY LANCE LAMBERT

* These 40 ‘overvalued’ housing markets could see 15% to 20% home price declines if a recession hits, June 13, 2022, BY LANCE LAMBERT

Moody's: You're doing a great job, Lance!