Affordable housing crisis looms large in election ...Middle East

As President Biden courts young voters and bucks negative perceptions of his handling of the economy, one economic issue looms large over the upcoming election: a historic lack of affordable housing. The cost of buying a house just hit an all-time high, and even though rental prices are down slightly from their peak in 2022, Americans in red and blue districts alike are feeling the crunch. A White House report released in March found that although incomes have doubled since 2000, housing prices have tripled, meaning the housing prices rose 50 percent faster than income over the past two decades. The median home price recently hit $383,725, a record high that’s up 5.2 percent from a

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Affordable housing crisis looms large in election ...Middle East

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