The Miami metro area is expected to be one of the few major housing markets that doesn’t see a housing price decline in 2023, according to a new paper by Goldman Sachs researchers (via Fortune).
Overall, Goldman Sachs is forecasting Miami home prices will rise slightly by the end of the year – one of only two major markets in the report expected to see an increase.
Here’s what the Goldman forecast calls for in selected major markets in 2023:
- Miami +0.8%
- Baltimore +0.5%
- New York -0.3%
- Chicago -1.8%
- Las Vegas -11.1%
- Tampa -11.2%
- Seattle -11.2%
- Denver -11.4%
- Phoenix -12.9%
- San Diego -13.4%
- San Francisco -13.7%
- Austin -15.6%