Goldman Sachs Warns of Gloomy Outlook for US Housing Market
GS Goldman Sachs Group Inc
$875.78 -0.62%
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- 1Goldman Sachs warned that declining home affordability due to rebounding mortgage rates will weigh on economic activity in 2027.
- 2The 3.9 million existing home sales projected by Walker for 2027 is 26% lower than 2019 levels.
- 3According to the Pew Research Center, the inflation-adjusted median home value rose 30% between 2019 and 2024.
So what's the key point?
Goldman Sachs stated that rising loan rates making it harder to buy homes will burden the economy in 2027. This means the housing market situation could worsen.
Source MarketWatch +2 · View original ↗
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