Goldman Sachs Warns About US Housing Market Downturn

Goldman Sachs Warns About US Housing Market Downturn
House for sale in Knox County, Tenn., on May 17, 2022. Laura LeRoy/The Epoch Times
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Investment firm Goldman Sachs has warned investors that a downturn in the American housing market is likely in the coming months.

“We expect home price growth to stall completely, averaging 0 percent in 2023,” Goldman strategists said in a note to clients, according to Fox Business. “While outright declines in national home prices are possible and appear quite likely for some regions, large declines seem unlikely.”