Bringing house prices down either means increasing the supply or decreasing demand.
The FED only has a demand-side lever, and "decreasing demand" is exactly equivalent to "reducing affordability".
It would be nice to see more attention paid to increasing housing supply, but that is a much more complex problem, so I'm not surprised that we see less emphasis on it.
The FED only has a demand-side lever, and "decreasing demand" is exactly equivalent to "reducing affordability".
It would be nice to see more attention paid to increasing housing supply, but that is a much more complex problem, so I'm not surprised that we see less emphasis on it.