Housing affordability will be low through the rest of 2023, weighed down by higher mortgage rates and scarce inventory, Goldman Sachs says

Housing affordability will struggle through the rest of this year, Goldman Sachs warned. The housing market faces pressure from higher mortgage rates and low inventory. Strategists revised their forecast for home prices upwards to reflect a small decline this year. Housing affordability will struggle for the rest of the year, thanks to high mortgage rates…