Mortgage Rates (30 YR) to fall to 6.5% by the end of 2024 and 6.3% by the end of 2025.
Home price forecast: US home prices will rise +3.8% in 2024, followed by +4.4% in 2025.
Goldman Sachs projects that US home sales will gradually increase from 4.1 million in 2024 to 4.5 million in 2027. While this is lower than the 6.1 million during the Pandemic Housing Boom in 2021 and the 5.3 million U.S. existing home sales during “normal” times in 2019, it still reflects an improvement in inventory levels.
