Goldman Sachs says that The U.S. housing market downturn will be worse in 2023

The firm projects sharp declines this year in new home sales (22% drop), existing home sales (17% drop), and housing GDP (8.9% drop).

Goldman Sachs projects indicates not to expect relief in 2023. as it further declines next year in new home sales (by 8% drop).

If Goldman Sachs' forecast comes true, then next year will be the bottom of the housing downturn.

If Goldman Sachs' forecast comes true, then next year will be the bottom of the housing downturn.

In 2024, the investment bank expects housing market to begin to rebound. 

If Goldman Sachs' forecast comes true, then next year will be the bottom of the housing downturn.

In 2024, the investment bank expects housing market to begin to rebound. 

Goldman Sachs also says that home price growth climb to 3.5% in 2024

If Goldman Sachs' forecast comes true, then next year will be the bottom of the housing downturn.

In 2024, the investment bank expects housing market to begin to rebound. 

Goldman Sachs also says that home price growth climb to 3.5% in 2024

Goldman Sachs Also indicates that home price growth climb to 3.8% in 2025 which is great news. 

If Goldman Sachs' forecast comes true, then next year will be the bottom of the housing downturn.

In 2024, the investment bank expects housing market to begin to rebound. 

Goldman Sachs also says that home price growth climb to 3.5% in 2024

Goldman Sachs Also indicates that home price growth climb to 3.8% in 2025 which is great news.