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Goldman Sachs forecasts US housing market stagnation through 2027

Fortune ·

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  1. 1Goldman Sachs economists say the housing market will remain stagnant until 2027.
  2. 2Existing home sales are projected to reach only 3.9 million units by 2027, 26% lower than 2019 levels.
  3. 3NAR Deputy Chief Economist Jessica Lautz says the housing market is sharply divided between existing homeowners and first-time buyers.

So what's the key point?

Goldman Sachs predicts that US home trading will not be active through 2027. Because the situations of homeowners and first-time buyers differ, sales volume is expected to be 26 percent lower than in 2019.

Source Fortune · View original ↗

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