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- Low inventory and high mortgage rates are keeping the US housing market unaffordable.
- Goldman Sachs revised its forecast for home prices and now see them climbing this year instead of dropping.
- These four charts explain the state of the housing market and the bank's outlook.
On Tuesday, Goldman Sachs strategists told clients they no longer expect home prices to decline this year.
Rather than a 2.2% slide for 2023, the bank now expects a 1.8% increase thanks to persistent inventory snags and other factors juicing Americans' demand for homes.