“If people are stepping back from buying because they’re discouraged or can’t afford what’s available, we’re not truly solving anything,” said Andrew Warren, head of community development lending at TD Bank. “It could even be a sign of deeper trouble.”
…With borrowing costs elevated, the high prices are keeping middle- & low-income buyers on the sidelines while wealthier households & investors are playing a larger role in the market.
#WealthDivide #inequity #economy #CostOfLiving #housing #Trump
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The strain in the #housing market has become a key political issue, & #Trump has raised a number of [impractical] ideas for how to address the costs — like introducing 50-year mortgages, barring Wall Street investors from buying single-family homes & directing Fannie Mae & Freddie Mac to purchase $200 billion in mortgage-backed bonds. His admin has yet to follow through on most of them.
#economy #affordability #CostOfLiving #trumpcession #recession
“If people are stepping back from buying because they’re discouraged or can’t afford what’s available, we’re not truly solving anything,” said Andrew Warren, head of community development lending at TD Bank. “It could even be a sign of deeper trouble.”
…With borrowing costs elevated, the high prices are keeping middle- & low-income buyers on the sidelines while wealthier households & investors are playing a larger role in the market.
#WealthDivide #inequity #economy #CostOfLiving #housing #Trump
“Investors” accounted for 30.2% of home purchases in 2025, nearly double their share at the start of the #pandemic, according to data from Cotality. A report from Realtor.com found the change wasn’t because of a surge of investor activity, but rather a pullback from traditional buyers who could no longer afford today’s prices.
#WealthDivide #inequity #economy #affordability #CostOfLiving #housing #Trump #trumpcession #recession
Higher #MortgageRates could widen that gap even further, making it harder for many households; wealthier buyers & investors are more likely to pay in cash.
The geopolitical tensions driving #energy prices higher are also complicating the outlook for #InterestRates. Expectations that the #FederalReserve might begin cutting rates have faded as #markets worry #inflation could stay higher for longer than anticipated.
#WealthDivide #inequity #economy #affordability #CostOfLiving #housing #Trump
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