Goldman Sachs says your home value could plummet to 2008 levels

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.

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