Reported 29 days ago
Many blame Federal Reserve Chair Jerome Powell and the Fed for skyrocketing home prices and housing unaffordability, but experts argue that the root causes stem from a severe housing supply shortage and rising demand. While high mortgage rates add to the burden, they are not the sole reason many Americans, especially younger individuals, struggle to buy homes. Structural issues in the housing market, including a lack of new construction and existing homeowners hesitant to sell, contribute significantly to the crisis. Solutions require a multifaceted approach rather than solely focusing on interest rates.
Source: YAHOO