How the Government Held Back a Real Housing Market Recovery in 2015
The great irony is that housing has only become less affordable for most Americans despite all of these federal government programs arbitrarily established to make it “affordable.”
Seven years after the housing market collapse, the housing market continued a lopsided recovery in 2015.
Overall, the housing market was stalled by a combination of meddling from the federal government and the continued weaknesses in the broader economy and labor market.
Those select housing markets showing strength did so mostly in terms of house price growth, a trend that surely benefits current homeowners (with increased equity) while constraining those looking to buy a home, especially those entering the market as first-time home buyers.
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