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Sunday, November 8th, 2020

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Posted by: | Posted on: November 8, 2020

How President Joe Biden Will Reshape the Nation’s Housing Market

It was a knock-down, drag-out fight that polarized much of the nation in the months—all right, years—leading up to Election Day, as well as over the last few nail-biting days after the election as ballots across the country continued to be counted. But former Vice President Joe Biden managed to eke out a victory, although President Donald Trump insisted he would challenge the results.

The election played against the stark backdrop of the deadly COVID-19 pandemic, a battered economy, and a myriad of hot-button racial and immigration issues. Almost lost in the partisan spectacle has been the future of the white-hot housing market. But the 46th president’s ambitious housing plan could have momentous consequences—if it shakes out to more than just empty campaign promises.

A historic home shortage and record-low mortgage rates have pushed prices to new heights, even as the U.S. entered into the worst recession since the

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