It’s a rough housing market, and Goldman Sachs expects it to get worse
AI Summary
The housing market is struggling with stagnant starts and transactions, and high mortgage rates over 7% have made it even tougher. Goldman Sachs warns that conditions may worsen, signaling a challenging period ahead. This matters because a depressed housing market can impact broader economic indicators, including employment in construction and related industries. Investors should be mindful of the potential ripple effects on consumer spending and economic growth.
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