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Goldman Sachs: Why the Housing Market is Slowing Down


It’s no secret that the U.S. housing market is slowing down. And Goldman Sachs believes the slowdown will continue.

In a recent note to clients, Goldman Sachs economists had bleak news: the post-2012 boom in home prices is over.

“The U.S. housing market appears to have shifted into a lower gear in 2018H2,” the firm writes. And this lower gear is the new reality for the housing market. From 2014-2017, home prices rose by almost 7%. Over the next three years,

Goldman expects home appreciation to slide back to a 3%-4%.

Why the slowdown? Here are the big three reasons:

1. Higher mortgage rates

2. Home prices have outpaced rents and incomes since 2012

3. Changes in the 2017 tax law that reduced owner-occupied benefits

Despite the bleak news, Goldman does not see a new housing crisis on the horizon.

Read on at:

https://finance.yahoo.com/news/goldman-3-reasons-us-housing-market-slowing-134832181.html

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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