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Fortune
Fortune
Lance Lambert

Moody's: Home prices in Chicago are undervalued while Tampa is overvalued—here's how the other 402 major housing markets look

MOODY Mark Zandi Home Prices Housing Market Moody Analytics United States Chicago Tampa
(Credit: Fortune)

The U.S. housing market is healing. At least that's according to Moody's Analytics.

In May 2022, Moody's Analytics chief economist Mark Zandi made a bold proclamation to Fortune: Not only had the housing market peaked, but a housing correction would soon ensue. At the time, Zandi expected national home prices to flatline while home prices in frothy housing markets like Boise and Austin would fall by 5% to 10%.

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