🏠 Goldman Sachs Delivers Grim Outlook for Prospective Homebuyers 📉

Goldman Sachs has issued a cautious warning for those hoping to enter the housing market. With high mortgage rates and elevated home prices, the path to homeownership is looking increasingly difficult. Despite some market cooling, affordability remains a major issue, and homebuyers will need to brace for a prolonged period of higher costs. The outlook is particularly challenging for first-time buyers.

Key Takeaways: 🔸High mortgage rates and stubbornly high home prices are making homeownership tougher. 🔸The housing market may remain challenging for the next few years, especially for first-time buyers. 🔸Affordability continues to be the major barrier to entering the market.

Some data in the last week or two suggests some pent up demand coming to life as rates have fallen a bit. Would be nice to see the trend continue, but we will have to see what happens.

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