Phoenix is one of 4 U.S. cities to see housing crash similar to '08, Goldman Sachs says

Phoenix is one of 4 U.S. cities to see housing crash similar to '08, Goldman Sachs says

PHOENIX - Goldman Sachs says Phoenix is one of four cities that could see a housing crash to rival what we saw in 2008 – but a local expert says the numbers and trends don't add up. The investment bank is predicting drastic decreases in home prices – as much as 25%. Back in 2008, we saw drops up to 27%. Why? Goldman Sachs says this is due to the cities becoming too detached from fundamentals during the COVID-19 housing …