![]() ![]() Spotify ( SPOT) announced on Tuesday it has signed a weekly podcast deal with comedian Trevor Noah, days after the company said it was parting ways with Prince Harry and Meghan Markle. Spotify's 'strategic realignment' of podcast division takes shape "The housing market has proven even more resilient than we had expected, driven by a supportive supply backdrop as well as a material decline in mortgage rates that transpired between November 2022 and February 2023," he wrote.Īs a result, Viswanathan now forecasts home prices will fall 2.2% for 2023, versus a previous estimated decline of 6.1%, before increasing 2.9% in 2024, up from an estimated 1.0% gain previously. Goldman Sachs Macro Strategist Vinay Viswanathan also updated his forecast earlier this month. These ingredients combine into a recipe that we think leaves the steep declines in home sales and housing starts behind us, but also prevents any sharp increases over the forecast horizon." The prospect of increased regulation on the banking system promises to keep mortgage credit standards constrained. While supply remains close to its tightest levels of the past 40 years, it is no longer setting a new historical low every month. He went on to explain the rationale: "Looking ahead, affordability remains challenged, but it is no longer deteriorating. We think there is more room to the upside in our home price forecasts than the downside," James Egan, strategist at Morgan Stanley, his housing research team, wrote in a note to clients Tuesday. "While we continue to believe that year-over-year home price growth will turn negative next month, we expect the time below zero will be short. Previously, strategists there had expected a 4% decline. ![]() Morgan Stanley is now forecasting that prices will end 2023 flat compared to the previous year. Home buyers, take note: If you're hoping for a big drop in prices, you may not want to hold your breath. Morgan Stanley: Home prices set to hold steady in 2023 ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |