Cities that experienced a housing boom during the COVID-19 pandemic are due for setbacks.
The largest decrease in home prices will occur in Austin, where values are projected to slump 19% by late 2024 compared to late 2022, according to the note. Prices are expected to sink in Phoenix by 16%, San Francisco by 15% and Seattle by 12%.
On a national level, home prices are expected to plunge by 6.1% this year as the housing correction plays out, according to Goldman.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
George Santos lied to judge about working at Goldman Sachs in 2017Rep. George Santos falsely told a judge he worked at Goldman Sachs during a 2017 court appearance on behalf of a “family friend” who ultimately plead guilty to an ATM skimming scheme.
Read more »
Ex-Goldman Sachs banker seeks mercy in 1MDB caseRoger Ng, the former Goldman Sachs Group Inc banker convicted for helping to embezzle Malaysia's 1MDB sovereign wealth fund, appealed to a New York court on Saturday not to force him to spend more time in prison.
Read more »
USD/JPY: The Yen weakness to stay limited – Goldman SachsEconomists at Goldman Sachs outlined their view on the Japanese Yen, in the face of the incoming Bank of Japan (BoJ) Governor Kazuo Ueda and hawskish
Read more »
I’m a decorating expert — I know how to make your room look instantly biggerOne woman on Instagram has a home decor hack to make your home look bigger.
Read more »
Who is Gerry Cardinale, the ex-Goldman banker, who relaunched the XFL?Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »