Home prices in four major cities across the United States that experienced booms during the pandemic are expected to fall significantly by the end of 2024, a new Goldman Sachs study found. In a note to clients, Goldman said Austin, Seattle, Phoenix, and San Francisco could each see prices drop in the middle digits as home availability surpasses demand, according to Insider.Austin prices are expected to drop 19 percent from 2022 levels, Phoenix prices could decline 16 percent, San Francisco 15 percent, and Seattle is projected to drop 15 percent.
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