One area looks safe from the dreaded “R” word: the housing market.
Goldman predicts home prices will rise even more next year, in part because housing supply is so constrained.
Forecasts of a prolonged housing market slump haven’t materialized.
Those moves have helped push mortgage rates to a 22-year high.
“Home buyers have demonstrated behavior that, in our view, reflects unsustainable adaptations to elevated mortgage rates,” the Goldman Sachs strategists Roger Ashworth and Vinay Viswanathan wrote in a research note.
Persons:
Goldman Sachs, Goldman, Bankrate, Roger Ashworth, Vinay Viswanathan
Organizations:
Fed
Locations:
U.S