US home prices could drop next year

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US Prices could drop by as much as 20% next year with demand for residential real estate in many cities in the U.S.

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Economists at Goldman Sachs said they expect home prices to fall a modest 5% to 10% next year.

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Cities that saw the sharpest jump in home prices last year

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They are now seen returning to Earth, including in places like Austin, Texas.

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Rising rates have also forced some home sellers to put the brakes on selling their properties

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Due to rising rates, they will have to mortgage to buy another house.

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The supply of homes available for sale is likely to decrease next year.

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