House sales, they wrote, are also starting to bounce back and reach some stability-much sooner than initially expected by analysts.Īs per Goldman Sachs' House price index, home prices in the U.S., Australia, and Canada were bouncing back up after plunging from their peaks in 2022, with the U.S. Mario Tama/Getty Imagesīut after months of rising mortgage rates, the global housing market is finding its footing again, according to a recent report by Goldman Sachs Research, which found that "house prices are defying expectations and are rising in major economies such as the U.S., Australia and Canada," as economists Joseph Briggs and Giovanni Pierdomenico wrote. An aerial view of new home construction at a housing development in the Phoenix suburbs on Jin Queen Creek, Arizona.
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