The Good News: Home Prices Never Crashed
During the fourth quarter of last year, numerous housing experts made alarming predictions that suggested a significant crash in home prices was imminent. These forecasts, from renowned figures such as Jeremy Siegel, Mark Zandi, and Goldman Sachs, created an atmosphere of uncertainty and concern in the housing market. However, contrary to these expectations, home prices have not experienced a devastating decline. In fact, they are already rebounding from the minimal depreciation observed over the last several months. In a recent report released by Goldman Sachs, it was revealed that the global housing market is stabilizing at a much faster pace than anticipated, even in the face of rising mortgage rates. This stabilization is particularly evident in major economies like the United States, where house prices are defying expectations and experiencing an upward trend. These assertions from Goldman Sachs were further substantiated by the release of two indexes on home prices: Case-Sh...