Commentary 
There seems to be a global housing crisis in the early stages of development, but what about in the United States? As rates continue to rise, pressure is increasing across the country and around the globe, and a hefty amount of risk is on the horizon.
Goldman Sachs Chief Economist Jan Hatzius recently released research warning of impending doom in the U.S. housing market. He stated: “The sustained reduction in affordability, waning pandemic tailwind, and recent decline in purchasing intentions suggest that home sales are likely to fall further on net: we forecast existing home sales of 4.25 million in the fourth quarter (-12 percent versus July). This lowers our residential fixed investment growth forecast to -15 percent in 2022 and zero percent in 2023 (both fourth quarter/fourth quarter), versus -13 percent and +1.5 percent previously.”…