Real Estate
Trump Wants a Rate Cut to Boost Housing. It’s Not That Simple
Prospective buyers during an open house at a home in Seattle.
Photographer: David Ryder/BloombergThe homeownership rate in the US is at its lowest in more than five years, and affordability for first-time buyers remains about as bad as it’s been since the 1980s.
In President Donald Trump’s view, there’s one “numbskull” to blame: Federal Reserve Chair Jerome Powell.