On Jan. 10, researchers at Goldman Sachs downgraded their outlook for the U.S. housing market in a paper titled "Getting worse before getting better." Instead of U.S. home prices falling 4.1% in 2023, which was their November call, researchers at the investment bank said national home prices would drop 6.1% this year.
Fast-forward to Monday, and Goldman Sachs has already tossed out that forecast. In a paper bluntly titled "2023 Housing Outlook: Finding a Trough," Goldman Sachs researchers argued the prospects for the U.S. housing market are improving and that national home prices would fall just 2.6% in 2023.
