One of the top economists in the US sees significant problems in the real estate market. Are we on the verge of a…

Jan Hatzius is often notable for his bearish forecasts, where he scored a major forecasting success before the 2007-2008 financial crisis. He currently brings us his view on the real estate market, where things are not looking good in the coming months and overall in 2023. We take a look at the concerns of this popular economist and break down the substantial data that backs up his words.

Jan Hatzius

Why is Jan Hatzius considered one of the best economists?

Jan Hatzius is the chief economist at investment bank Goldman Sachs. His bearish forecasts before the 2007-2008 financial crisis made him very popular and his opinions are highly regarded. In fact, this is confirmed by the fact that he is a two-time winner of the Lawrence R. Klein Award for the most accurate US economic forecast.

The U.S. housing market has likely fallen into its first recession in more than a decade, and economist Hatzius warns that investors should prepare for the downturn here to get worse. In a note to clients, he…

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