by Calculated Risk on 10/11/2021 01:44:00 PM
A few excerpts from a Goldman Sachs research note: The Housing Shortage: Prices, Rents, and Deregulation
The supply-demand picture that has been the basis for our call for a multi-year boom in home prices remains intact. Housing inventories remain historically tight, while homes remain relatively affordable despite the recent price increases, and surveys of home buying intentions remain at healthy levels. Our model now projects that home prices will grow a further 16% by the end of 2022.