Reported 8 months ago
The article discusses the ongoing housing market affordability challenges in the US and initiatives by the Biden Administration to address them. In an exclusive interview with Yahoo Finance, US Secretary of the Treasury Janet Yellen emphasizes that no single solution exists to solve the housing crisis, highlighting the need for local-level actions. Middleburg Communities Chief Economist Brad Case points out that high demand is raising home prices, suggesting that lowering interest rates could further worsen affordability, advocating instead for a focus on increasing housing supply.
Source: YAHOO