“For millions of Americans homeownership is a foundation for so many parts of their lives,” says the White House. “And for many it is also their primary source of wealth.” With this statement, the Biden administration has announced new actions to support homeownership.
Last year, the administration called its Housing Supply Action Plan “the most comprehensive all-of-government effort to close the housing supply shortfall in history.” An effort, yes. But is “all” the government in?
A year since the White House announced that plan, the typical listed home is now a luxury that most people can’t afford. We want to see real movement to increase homeownership — and, of course, that means more deeds. So we’re watching what the administration is doing. Here’s what we know.Continue reading “Again, the White House Encourages Homeowners to Sell, and Renters to Buy. Is This Helping Anyone?”