Can anyone still afford a home? New housing law meets record prices

Home prices in the United States have reached another record high—even as Congress passes the largest affordable housing bill in nearly three decades.

Will the new legislation make homeownership more attainable, or are high mortgage rates still the biggest obstacle?

Real estate economist Ken Johnson joins CGTN's Sally Ayhan to explain why housing affordability remains a challenge, when mortgage rates could begin falling, and whether older homes may actually be the smarter investment.

0:00 America's Biggest Affordable Housing Law Explained

0:33 Why Record Home Prices Keep Pricing Out Buyers

1:25 Mortgage Rates: The Biggest Obstacle to Homeownership?

1:58 Rent or Buy? What First-Time Homebuyers Should Do

3:33 When Will Mortgage Rates Finally Fall?

4:49 Will This Housing Law Really Make Homes More Affordable?

5:13 The Best House to Buy: New, Old, or Somewhere In Between?

6:16 Is Green Energy Still Influencing Homebuyers?

#bizshow #HousingMarket #MortgageRates #HomePrices #AffordableHousing #RealEstate #FirstTimeHomeBuyer #HousingCrisis #Economy

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