Bubble Watch: Coronavirus may clobber ‘overvalued’ housing markets

“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead.
Buzz: With home prices looking very vulnerable to coronavirus fallout, 17 states were found to have overvalued housing in the fourth quarter, up from 15 at the end of 2018 and 14 at 2017’s close.
Source: Fitch Ratings
The Trend
Analysts at Fitch Ratings estimate U.S. home values, when compared with their economic underpinnings, were 1.5% overvalued at the end of 2019. But the nation