The top 10 most overvalued housing markets in the U.S., according to Moody’s. Not shown: Kahului-Wailuku-Lahaina, Hawaii: 55%.
In Boise, Idaho, the most overpriced market in the nation, homes are 73% overvalued, according to Moody’s analysis. Idaho has four cities ranked in the top 15 overvalued markets on Moody’s list.
Homes in Coeur d’Alene are 56% overpriced, while home prices in Pocatello and Idaho Falls are 49% and 49% overpriced, respectively.
Zandi said a number of factors have played key roles in causing house prices to skyrocket in Boise and other parts of the state.