From Quartz.
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U.S. housing data and policy headlines highlighted renewed uncertainty as pending home sales fell and mortgage rates whipsawed. Pending home sales dropped 9.3% in December, the steepest monthly decline since April 2020 and the worst December in over 20 years. Mortgage rates briefly touched 2022 lows before rising again, while President Trump outlined housing proposals including 50-year mortgages, portable loans, and limits on institutional investors. Economists warn these financing ideas carry trade-offs and may not resolve affordability amid high prices and tight supply. The core issue is a shortage of homes, with construction slowed by zoning and permitting. The outlook centers on supply, not mortgage design. #housingcrisis #realestate #affordablehousing #economics #policydebate
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