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Goldman Sachs Warns: High Rates Erode US Housing Affordability; Existing Home Sales May Drop 26% by 2027

Published: 2026-10-21 21:50:00Category: financeHeat: 72

English summary

Goldman Sachs economists highlight that mortgage rates above 7% and the lock-in effect have worsened US housing affordability. Existing home sales are projected to fall to 3.9 million in 2027, a 26% drop from pre-pandemic levels, with young first-time buyers facing the greatest impact amid structural market divergence.

The English text is machine translated and may require verification against the Chinese version.

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