In a memo to customers, Goldman Sachs said home values in the Austin metro area could see declines of over 25%.
Specifically, Goldman Sachs was most concerned about mortgages taken out in late 2021 and all of 2022, according to the cable network. Although Austin might be heading for a real-estate crisis, Goldman Sachs' report said the collapse is unlikely to have broad ramifications on the national economy. "This decline should be small enough as to avoid broad mortgage credit stress, with a sharp increase in foreclosures nationwide seeming unlikely," analysts wrote, according to Fox Business.
Meanwhile, San Antonio's housing market looks set for another solid year. Although home sales declined in recent months, median Alamo City home values are still 6% higher than a year ago, according to theThe National Association of Realtors also named San Antonio as