U.S. housing market to see the 2nd biggest home price decline

[Robert Washington]

According to Fortune.com, the US will see the 2nd biggest home price decline since the Great Depression. Furthermore, top wall street firms/banks such as Goldman Sachs and Morgan  Stanley expect home prices to decline between 5-7%  by the end of 2023.

We don't know where real estate will end up in 6 months, I'm not sure how they came up with these numbers by the end of 2023. My question for the group: how did these top banks come up with the estimates and dates? Additionally, whether we should take this as just another prediction or is there some meat to this? Link below for the full article.

https://fortune.com/2022/10/03...