Goldman Just Hacked Its Forecasts For US Housing And GDP Growth

Lately, various housing-market metrics such as existing-home sales, new-home sales, and mortgage applications have all been flagging. We also recently learned that the U.S. homeownership rate was at a 19-year low, and some experts think it'll never come back. There's little doubt that the unusually harsh winter weather and last summer's mortgage rate spike are partly to blame for the recent weakness. As such, Goldman Sachs' Sven Jari Stehn and David Mericle expect a "rebound in the short term." ...