Since the beginning ofthe pandemic, demand among buyers far outstripped the supply of available housing, causing real estate prices are skyrocketing . But as high as the prices are, they haven't peaked yet, according to a new report from Goldman Sachs. The investment bank projects housing prices - already on record records - will increase another 16% by the end of 2022. Despite price increases of 20% Over the past year, Goldman Sachs' ana lysts suggest housing remains relatively lowbles thanks to historically low mortgage rates . But continued strong buyer demand and continued low inventory will continue to push prices even higher, the report says. Learn more about financial empowerment How many houses can I afford? How does inflation affect my standard of living? How much should I save for retirement? Su re, the inventory image is improved a bit since the spring, with more homes for sale and price growth moderating somewhat. But Goldman analysts say this imbalance between supply and demand is expected to continue until next year. given the high prices. About two-thirds, 66%, of respondents to a University of Michigan homebuyer sentiment survey said now is not the right time to buy a home, according to the report. It 's the highest since the early 1980s. But to this day owners remain reluctant bulls, who still intend to buy even if they think it is. 'This is a bad time, wrote Goldman analysts. How many houses can I afford? Goldman Sachs model reviewed the offer , demand, affordability and house prices, he predicts that high demand and tight supply will gradually erode the market.accessibility and will make the houses so expensive that more people will be leave the market. This reduced demand will eventually increase stocks in the market and the imbalance between supply and demand will eventually ease . But not until prices jump another 16% by the end of next year ar. In addition to home prices continuing to rise, rents will also continue to rise , analysts said, and Regulatory efforts by the White House, Congress or individual states or municipalities to alleviate the housing shortage may not be enough. Political wills have disagreed over efforts that would relax zoning rules and other regulatory constraintsthat have slowed housing construction for decades. This is despite economic research showing that such efforts would boost supply and lower house prices and rents, according to the report. Some successful efforts include California's recent abolition of single-family zoning in the state, which could mean that the 60,000 new single-family homes allowed in the state each year could grow into thousands of additional units, according to the report it is noted. Nationally, the White House plan to use housing funding from reconciliation bill aimed at increasing the number of affordable housing may not have the desired effects if many of the housing subsidies and tax subsidiesproposed are reduced. As a result, changes at the national level seem unlikely at this time, and limited changes at the national and local level are only a partial step towards reducing the shortage housing , wrote Goldman analysts in the report.