US housing market downturn to worsen in 2023, Goldman Sachs warns

Prediction   #realestate #housing #houseprice  

#houseprice #realestate #housing

pc[In a note to clients, Goldman strategists predicted that activity in the housing sector will slow sharply in the coming months, with price growth eventually falling to zero in the third quarter of next year.

"We expect home price growth to stall completely, averaging 0% in 2023," the Goldman analyst, led by Jan Hatzius, said. "While outright declines in national home prices are possible and appear quite likely for some regions, large declines seem unlikely."]ce #checkbyYE2023 Predicted By Jan Hatzius, Goldman Sachs.