Here are the top 25 most overvalued housing markets in the US

Nearly every community in the U.S. is feeling the effects of an overvalued housing market, particularly in some smaller cities in states like Idaho and Tennessee where many sought out a new home during the pandemic. Mark Zandi, the chief economist at Moody’s Analytics, noted how many of these markets were "juiced up" because of previously low mortgage rates and the implementation of remote work during the COVID-19 pandemic. "Some markets probably will see some price declines, particularly the most active markets like Boise, the poster child, or the top of the list of overvalued markets," Zandi said.

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