Goldman Sachs predicts home prices to continue to rise through 2024.

Goldman Sachs released their latest housing forecasts for not just 2024, but the next four years. Goldman Sachs estimates that home prices will grow slightly, by 0.6% in 2024, then up 3.8% in 2025, and then 4.9% in 2026 & 2027.

The Baltimore real estate market has stabilized some, but the lack of inventory in 2023 has been an issue. The days on market has increased, but prices, generally, have still been up, despite the higher mortgage interest rates.

Goldman Sachs chief economist Jan Hatzius told Business Insider that he considers the risk of a recession in the United States low.

This shows that Goldman Sachs feels that prices are still on the rise. For potential Baltimore homebuyers, the best time to buy a house is when you are ready and able.

Please keep in mind that each real estate market is different. Even areas and neighborhoods within a market can differ.

For more information about your Towson house value, Timonium house values or Greater Baltimore real estate values, please contact me. I would be pleased to be of assistance!