More Intervention Won’t Fix the Housing Market
More intervention won't fix the housing market. This simple truth is obvious to most serious practitioners in the industry. The current affordability challenges facing the U.S. real estate market go well beyond interest rates. Truth is irrelevant to many politicians in an election cycle, so the insanity and market tinkering continues. It was beyond absurd for the Trump administration to pitch the idea of a 50-year mortgage. That half-baked idea from FHFA director William Pulte Jr. fortunately had a fairly short news cycle. With midterms elections in focus and favorability ratings in the basement, Trump [...]