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Analysis of Overvaluation and Potential Corrections in Various US Housing Markets
The chapter delves into the assessment of overvaluation and potential corrections in housing markets across different regions in the US, including the Northeast, Midwest, Southeast, Texas, Arizona, mountain states, and California. The conversation explores varying levels of overvaluation, inventory imbalances, and their potential influence on future home prices. Furthermore, it discusses the vulnerabilities of specific markets like Miami and Florida due to rising inventory and economic risks, highlighting the potential impact of a recession on consumer spending and side hustle opportunities.