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Search resuls for: "Goldman Sachs Investment Research"


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The US housing market faces an inventory shortage, but empty offices don't offer a solution. Goldman Sachs strategists say that offices can't be cheaply or easily converted into residential units. Goldman Sachs Investment Research, CoStar dataIn the same stretch, a combination of high mortgage rates and home prices with limited housing inventory has frozen the US housing market. Residential housing affordability has declined for the last 15 years and hit a historical low in 2022. "Our analysis implies that only 0.8% of US office inventory is currently priced at a level that makes conversion to multifamily housing financially feasible," the bank maintained.
Persons: Goldman Sachs, , it's, Goldman, Jan Hatzius Organizations: Service, Goldman Sachs Investment Research, Goldman, San Locations: San Francisco, Los Angeles, Seattle
Goldman Sachs' 12-month recession probability is hovering at 15%, about the "historical unconditional average." A WSJ survey showed the consensus probability of a downturn in the next year dipped below 50% for the first time since mid-2022. Here's how recession expectations have changed over the last 18 months. The consensus among Wall Street economists has shifted again, tilting further in favor of the no recession camp, at least in the near to medium-term. AdvertisementAdvertisement"That model implies larger effects of monetary policy and faster policy transmission than other empirical models," the economists explained in September.
Persons: Goldman Sachs, , That's, Goldman, Stefania D'Amico, Thomas King Organizations: Service, Street, Journal’s, Economic, Goldman Sachs Investment, Chicago, Consumer, Index
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