Miami to escape the home price correction in 2023 while 'overheated' housing markets like Austin get hammered, says Goldman Sachs

Posted on AllSides January 15th, 2023
From The Center

The Fed’s ongoing inflation fight—which saw mortgage rates spike from 3% to 6% in 2022—has set off the second biggest home price correction of the post-WWII era. On one hand, the 2.4% drop in U.S. home prices seen between June and October is small relative to the housing crash’s 26% national home price decline from the top in 2007 to the bottom in 2012. On the other hand, the ongoing home price correction might have a lot of gas left in the tank. Look no further than a Goldman Sachs...

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