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Housing price crisis can be eased through government reforms, expert says

Added 09-22-22 07:04:03am EST - “Home and rent prices are soaring across the U.S. after years of high demand and low inventory, and one expert points to local governments as the cause.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Housing price crisis can be eased through government reforms, expert says”. Below is an excerpt from the article.

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NAHB CEO Jerry Howard evaluates the decline of the housing market and if the recession could devolve into a housing depression on 'Varney & Co.'

The price of buying or renting a home has skyrocketed in recent years as demand surged during the pandemic in a time of low interest rates and government stimulus.

But one expert says the housing price crisis has been building for decades, and that local government policies are to blame for tamping down inventory through heavy-handed regulations.

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