Well, maybe not your home.
Goldman Sachs expects home values to worsen through 2023 amid continued skyrocketing interest rates and declining housing prices and they predict that San Jose, California; San Diego, California; Austin, Texas; and Phoenix, Arizona, will likely see noticeable increases before drastic decreases of more than 25%.
As for those in Chicago, home prices are expected to dip slightly (-1.8%), while Baltimore (+0.5%) and Miami (+0.8%) will see higher prices, the firm said.
Don’t buy a home in the burbs just yet, Brian. Things could get worse before they get better.
