The U.S. housing market is holding up the best in the global correction—here's how far Goldman Sachs see global home prices falling

Developed economies across much of the world are still passing through home price corrections. At least that's according to an article published this week by researchers at Goldman Sachs.

The article titled "Why the global housing market has further to slide," argues that spiked mortgage rates will keep housing markets in countries like New Zealand, Canada, and the United States in correction-mode through much of the year.