These Metros Will Be the First to See Prices Fall in a Market Correction
Pro Builder
JANUARY 16, 2023
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%). Indeed, through November, Austin is down 10.4% from its 2022 peak home price.
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