Goldman Sachs Forecasts Drop in Home Prices in Four Cities

Objectivity 4.7 | Credibility 4.8 | Relevance 4.5

Goldman Sachs informed its clients that it expects house values to plummet in four cities across the U.S.  The investment institution foresees that San Jose, California; San Diego, California; Austin, Texas; and Phoenix, Arizona; could suffer a 2008-level crash.  According to the bank’s prediction, the market value crashes in those cities could be worse than 25%.