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These Metros Will Be the First to See Prices Fall in a Market Correction

Pro Builder

Goldman Sachs recently lowered its 2023 year-over-year depreciation forecast from -4.1% In 2023, Goldman Sachs expects double-digit home price declines in major markets like Austin (-15.6), San Francisco (-13.7%), San Diego (-13.4%), Phoenix (-12.9%), Denver (-11.4%), Seattle (-11.2%), Tampa (-11.2%), and Las Vegas (-11.1%).

Metro 52
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Goldman Sachs Economists Expect Interest Rates to Remain Elevated During Market Downturn

Pro Builder

Housing economists forecast a 'further weakening in demand' as elevated interest rates continue to sideline prospective buyers . Mortgage rates will “remain persistently high,” the Wall Street bank said, “causing unsustainable levels of housing affordability to continue weighing on housing demand.”. Wed, 10/12/2022 - 10:38.