Housing Prices Could Drop by 20%

Home prices could drop by as much as 20% in more than 180 markets nationwide if the economy falls deeper into a recession, according to a new study.

Experts at the research firm Moody’s Analytics said that homes in 183 of the 413 largest regional housing markets in the country are “overvalued” by more than 25%.

A map based on data from Moody’s was published by Fortune. It showed that home prices were poised to fall in so-called “bubbly” markets like Phoenix and Boise.