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via finance.yahoo.comEconomy

Goldman Sachs warns US housing market will stay bleak into 2027

FROM THE WIRE · FINANCE.YAHOO.COM

The conditions in the US housing market are unlikely to change much just because the calendar turns from 2026 to 2027, warns Goldman Sachs. Elevated mortgage rates will keep buying a home out of reach for many Americans and, subsequently, weigh on the US economy. "In 2027, we…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishHigh mortgage rates weigh on US home sales and economic activity.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Goldman Sachs expects housing affordability to dominate in 2027.
  2. 02More than 95% of mortgage borrowers have rates below current market rates.
  3. 03The analyst expects existing home sales to fall in coming months.

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