Reported about 14 hours ago
U.S. Treasury Secretary Scott Bessent announced that the Trump administration will introduce new measures in the coming weeks to address high housing costs, emphasizing the urgency of the issue. He mentioned the possibility of declaring a national housing emergency this fall as rental prices decrease, and discussed plans to simplify permitting processes to boost housing supply. The administration aims to make housing more affordable and is optimistic about increased real estate transactions as interest rates potentially drop.
Source: YAHOO