✉news BusinessReal Estate first seen 6 d ago, last 6 d ago, peak #12
Goldman Sachs predicts housing freeze will last through 2027
Original: Goldman sees a housing freeze through 2027. It would lock in an economic divide between millennials
Goldman Sachs economists forecast the US housing market will stay largely frozen through 2027, as homeowners locked into low mortgage rates refuse to sell and high prices shut out new buyers. The bank warns this gridlock would deepen an economic divide among millennials, splitting those who already own homes from those unable to get on the property ladder.
Why now: New Goldman Sachs research forecasting a prolonged housing freeze has raised concerns about widening wealth inequality among millennials.
Goldman SachsmillennialsUS housing market
Evidence
- Goldman sees a housing freeze through 2027. It would lock in an economic divide between millennials · Fortune
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