Moody’s Economist Says Housing Correction — Not Crash

(iStock) Much higher mortgage rates will lead to lower housing prices in “juiced” markets such as Phoenix and Tucson in Arizona, the Carolinas, northeast Florida, and Boise, Idaho, but won’t end up crashing prices overall, a top economist predicted this week. Bloomberg is reporting that Mark Zandi, chief economist at Moody’s, made the prognosis during…