06/28/2022
Never again. That was the sentiment held among legislators as they rallied to pass the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010. The goal was to outlaw the subprime mortgages that fueled the ’00s housing bubble—which saw U.S. home prices soar 84% between January 2000 and June 2006—and ultimately pushed the country into the deepest recession since the Great Depression.
Among the nation's largest housing markets, Moody's Analytics finds 344 are "overvalued" by more than 10%. Back in 2007, 261 markets were "overvalued" by 10% or more.