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Still, Fed Chair Jerome Powell has said the crux of the country’s housing crisis is a supply issue—something the central bank can't address. To put it plainly, there are just not enough homes ...
The "YIMBY" movement is a political effort to tackle the country's housing shortage by increasing the housing supply with strategies like changing zoning codes and other regulations that limit ...
Realtor.com chief economist Danielle Hale told FOX Business that the U.S. is facing a deficit between 2.5 million and 7.2 million homes, which underscores the dire need to build more housing.
Americans are in the throes of the worst housing affordability crisis in decades. Baby Boomers aren’t parting with their homes, insurance costs are skyrocketing, mortgage rates are sky-high and ...
“Naturally, increased homebuilding comes to mind, but the type of properties that do get built should reflect varying price points and not just be concentrated on the upper end of the market.”
Yesterday daily mortgage rates hit a 52-week low, coming in at 6.34% (although they’re back up to 6.52% today). But that’s only one part of the equation: Before all the mortgage rate drama ...
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The housing affordability crisis has grown so significant that commentators think it could be a big topic in the 2024 presidential election. President Joe Biden is clearly alert to the issue and ...