It’s a rough housing market, and Goldman Sachs expects it to get worse
Summary
Goldman Sachs warns that the current housing market difficulties are likely to intensify further. The sector has already experienced stagnating transaction volumes and construction starts for several years while mortgage rates remain above seven percent.
As bad as it is for the housing market — starts and transactions basically flat for the last three years with mortgage rates over 7%— it can get still get worse.
Source: Read the full story at MarketWatch.com - Top Stories
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