US Treasury Secretary Scott Bessent, in a wide interview on ‘Mornings with Maria’, weighs on the meeting of President Donald Trump with Vladimir Putin, contributes to the trade discussions of the US china and homes for affordability crisis for housing.
Treasury Secretary Scott Bessent said on Thursday that one of his top priorities focuses on the US Housing Affordability crisis.
Bessent said the White House is investigating how to make money with Fannie Mae and Freddie Mac, which could be to sell all or part of the interests of the government in the companies. Fannie Mae and Freddie Mac play a crucial role in the home financing industry and have been under Federal Conservatory since the 2008 financial crisis.
Treasury Secretary Scott Bessent said on Thursday that one of his top priorities focuses on the US Housing Affordability crisis. (Reuters / Elizabeth Frantz / Reuters)
The housing crisis deeper as 47 large metro areas now require home buyers to issue more than 30% of the income
Bessent said that the administration looks at how the best value for taxpayers can be received when it comes to Fannie Mae and Freddie Mac, and how to prevent the mortgage interest rate from rising or lowering – to remedy the persistent affordability crisis.
Treasury Secretary Scott Bessent said the administration looks at how the best value can be received for taxpayers when it comes to Fannie Mae and Freddie Mac (Robyn Beck / AFP via Getty Images / Getty images)
In the meantime, the housing crisis is only a deepening of high house prices and increased interest rates that reduce home heading to the lowest level since the mid -nineties, according to the annual State of the Nation’s Housing Report of the Joint Center for Housing Studies (JCHS) of Harvard University.
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To worsen problems, homeowners and landlords are also confronted with higher insurance premiums and real estate tax. The exorbitant rent has also “charged more people than ever and has contributed to a strong increase in homelessness,” said the report.
In the meantime, the housing crisis only deepens with high house prices and increased interest rates that reduce home buying to the lowest level since the mid -nineties. (Photographer: Tierney L. Cross / Bloomberg via Getty Images / Getty images)
Real estate transactions tend to worry from May to August, with June historically the busiest month, according to experts in the living industry. But during this summer season the activity “slow” remained for existing houses and new, according to Realtor.com senior economist Joel Berner.
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While some home buyers who have been banned to the sidelines due to high financing costs have received an encouragement last week, Berner said it could take a little longer to get more of them back into the game.
Real estate transactions tend to worry from May to August, with June historically the busiest month, according to experts in the living industry. (Paul Morris / Bloomberg via Getty Images / Getty images)
“The decisions of the Federal Reserve can have a major impact on the housing market next month, but this Fed has proven to be cautious when it comes to lowering the rates, so it will take more positive news on the inflation front to inspire them to lower interest rates,” Berner said.
