In a recent report, Chief Economist Mark Fleming highlighted concerning trends in the housing market, indicating that 22 out of the top 50 markets are currently overvalued. This development brings to light challenges for affordable homeownership in these areas.

Key points from the report include:
– 22 out of the top 50 markets are identified as overvalued
– Chief Economist Mark Fleming expressed concerns about the impact on affordable homeownership
– The findings underscore challenges in the current housing market climate

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