Check out Bill McBride, who’s been laser-focused on all housing data and forecasts since before the 2008 financial crisis, react to a Goldman Sachs housing estimate. Spoiler alert: it’s less of a reaction and more of a sober, clear analysis of how home prices might play out next year. Good stuff as always.
Yesterday, Goldman Sachs economist Ronnie Walker wrote a research note forecasting US house prices would increase a further 16% by the end of 2022: The Housing Shortage: Prices, Rents, and Deregulation. This caused quite a stir on twitter. Here’s a few notes…
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