Goldman Sachs predicts home prices could fall 25% from peak
Goldman Sachs is not bullish on the U.S. housing market.
canada
Almost half of Canadian renters believe they will remain renters, being unable to enter the housing market due to unaffordability: survey finds
In a survey from Canada Life, 45 percent of renters said that they will either “continue renting indefinitely or aren’t sure when they will buy” due to affordability and cash flow concerns.
canada
Royal Bank of Canada warns home buyers are facing the “least affordable” housing market in a generation, anticipates property values to fall “more than 10% in the coming year”
In the Royal Bank of Canada’s most recent Canadian Housing Report, they said that Canadian home buyers face the least affordable market in a generation due to “sky-high prices and rising interest rates”.
housing market
U.S. housing affordability is at its lowest point since 2006
May 2022 was the most expensive month since 2006 to buy a home due to record home prices and increasing mortgage rates.
housing market
US mortgage rates hit 2008 levels, the highest in nearly 15 years
Mortgage rates in the U.S. are reaching their highest levels in nearly 15 years, hitting 2008 levels.
canada
Canadian average home price reaches $816,720, up 20% in past year to highest level ever recorded
The average home price in Canada has surged 20% over the last year.
