What the Housing Supply and Affordability Act Could Mean For Real Estate Investors
As residential real estate prices continue to hit new records and the economic effects of the coronavirus pandemic linger, the need for affordable housing is only going to get greater, and so will the opportunity for investors to profit while contributing to the solution. According to the National Association of Home Builders, 75.1 million households, or roughly 60% of all U.S households, are unable to afford a new median-priced home, and every price hike of $1,000 pushes another 154,000 households into that category.
