Home Prices May Collapse in One of American Homes 4 Rent's Markets, But I Am Not Worried

Brent Nyitray, CFA, The Motley Fool

February 2, 2023 at 5:30 a.m.·3 min read

Home Prices May Collapse in One of American Homes 4 Rent's Markets, But I Am Not Worried

Goldman Sachs analysts recently put out a report that predicts a 2008-style real estate correction for some areas of the United States that saw outsized home price appreciation which hasn't been accompanied by similar growth in wages. The investment bank's report mentioned San Diego, Phoenix, San Jose, and Austin as the four metropolitan areas most likely to experience a big drop in home prices as a result. If the report is accurate, does this mean big problems for single-family real estate investment trust (REIT) American Homes 4 Rent (NYSE: AMH)?

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