Goldman: "The Housing Rebound"

Goldman Sachs economists Struyven and Young write: The Housing Rebound. They see three reasons for a rebound in 2019: 1) Recently high frequently indicators (like starts and permits) have picked up. 2) Mortgage rates have fallen year-over-year. Struyven and Young note: "the headwind from higher interest rates should gradually diminish, as mortgage rates likely peaked late last year ." emphasis added 3) Demographics are favorable as a large cohort is moving into the prime home buying age. This is a point I made in Demographics: Renting vs. Owning    This is what I wrote:......(read more)

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