The Housing Market Boom Gets Another Boost From Biden
New fiscal stimulus should give buyers more options — as long as they can find a home for sale.
Finding your dream home will require some flexibility.
Photographer: Bloomberg
For years following the Great Recession, households faced a number of financial hurdles hindering their ability to buy a home. The three biggest were: a weak labor market that didn't give workers enough income to purchase a house; elevated levels of student loan debt; and high apartment rents that prevented prospective buyers from saving money for a down payment.
On all three fronts, the Biden administration should be a better environment for would-be homebuyers. Challenges over the next few years are more likely going to be related to inadequate housing supply than the kind of financial struggles households dealt with in the 2010's.