Goldman Delivers Grim Outlook For Prospective Homebuyers

Goldman's latest note to clients offers little optimism for resolving the housing affordability crisis in 2025. Mortgage rates are expected to remain elevated while housing prices trend at record highs, further exacerbating challenges for prospective buyers and likely keeping many on the sidelines. 

"Our mortgage strategy team's expectations rates will hold in the low-to-mid 6% range" next year, said analysts Susan Maklari and Charles Perron-Piche, adding, "This will keep existing home sales 24% below the 2015-19 average." 

They offered clients the understanding that there would be no meaningful relief for prospective buyers as the affordability crisis will linger through next year: