According to Goldman Sachs, the American housing market may finally be nearing the bottom. On January 23rd, just two weeks after downgrading their outlook for the U.S. Housing market in a paper titled “Getting worse before getting better,” the investment bank pulled a 180º with a new paper titled “2023 Housing Outlook: Finding a Trough.”

Originally, researchers at Goldman Sachs predicted that home prices would fall 6.1% in 2023. Now, their predictions are that home prices will be down just 2.6% at the end of 2023. Read more: Goldman Sachs Makes A Bold Housing Market Call.

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