Huge hit to home prices in west in 2023, Goldman warns: Phoenix, SF, Seattle

By Zach Halaschak
Published January 30, 2023 8:00am ET
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Huge hit to home prices in west in 2023, Goldman warns: Phoenix, SF, Seattle
Mortgage loan application volume decreased by 6.5% last week when compared to the week before. The volume of refinances dropped by 6% during that same time and is 75% lower than this time last year, according to the group’s research. | Keith Srakocic

Houses in several overheated cities in the western United States will see massive price declines in 2023, researchers at Goldman Sachs predict.

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Housing Interest Rates Prices Real Estate Recession