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that out of the 392 markets they looked at, 45 of them had a greater than 50% chance of seeing a decline over the next 12 months. Which, just for reference, a month ago only 26 markets fell into that category. As you're about to see, even though some areas show some risk of a decline, the most susceptible areas are the ones which saw the biggest increases including Boise, Idaho, Bend, Oregon, Fresno, California, and Lake Havasu. However, just because they deem them as overvalued doesn't necessarily mean they're going to drop. And with inventory still remaining near record lows, believe it or not, prices are still expected to rise by another 5% year-over-year. Of course, in terms of the good news for home buyers, it does appear as though more inventory is coming on the market as sellers list their homes. Price cuts are becoming slightly more common with 11 and 1/2% seeing a reduction and home buyer demand is down 14% year-over-year, giving buyers a little bit more leverage than before. On the rental side though, prices are actually still increasing and catching up with the cost of everything else. Like according to Redfin, median rents rose 15% year-over-year above $2,000 a month for
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