The Wall Street bank forecasts that existing sales will drop to 3.8 million in 2024, a decline of 6.2% from projected levels this year.
Slumping demand and surging mortgage rates are likely to lead to the slowest period for housing sales in 30 years, according to Goldman Sachs. With home loan rates above 8% in some areas , current homeowners are unlikely to want to move, while prospective buyers are deterred by higher prices and lack of supply, the Wall Street firm warned in a note to clients.
Saving for your child's college education? Here’s how to invest for the next 10 years, according to the pros
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