Readers may recall the following prediction from Goldman Sachs in June 2010: Goldman: Seattle Home Prices to Fall 22% More by 2012 Following their earlier collapse, house prices appear caught in a cross current. On the one hand, there are indications that prices may have bottomed. While alternative house price indices differ in details, they…
Tag: Goldman-Sachs
Low Rates Make WA Real Estate Appear Undervalued
I was going through some older posts recently, looking for some ideas of data sets to update, when I came across this November 2007 post written by Deejayoh: Washington Real Estate: 40% overvalued? Here’s a brief excerpt from his post: I ran across this very interesting analysis of the California real estate market by Goldman…
Reader Question: Worried About Goldman’s -22% Forecast
A reader dropped me the following email and posted this question in the forum, which I thought was interesting enough to share with the whole community to get everyone’s responses. I’m recently engaged and looking to buy a home. I’ve crunched my budget inside and out, know what I can afford that isn’t over reaching….
Goldman: Seattle Home Prices to Fall 22% More by 2012
I came across an interesting home price forecast for the next two years from Goldman Sachs (via Zero Hedge): Following their earlier collapse, house prices appear caught in a cross current. On the one hand, there are indications that prices may have bottomed. While alternative house price indices differ in details, they generally show that…
Washington Real Estate: 40% overvalued?
I ran across this very interesting analysis of the California real estate market by Goldman Sachs this weekend (PDF alert!). It is the author’s contention that in the past, changes real estate prices could be explained by two factors: disposable income and interest rates. They then go on to demonstrate, as shown below – how…