Both presidential candidates claim they can fix the housing affordability problem that is frustrating millions of Americans. Unfortunately, neither candidate’s proposals would increase the supply of affordable homes — and Vice President Kamala Harris’s plan would make matters worse. The median sales price of all the homes sold in the United States was more than $412,000 at the end of July, according to the Federal Reserve Bank of St. Louis — an increase of $90,000, or about 28 percent, from the same time in 2019. Meanwhile, 30-year fixed-rate mortgages, which remained below 5 percent for the decade of 2010s, now average 6.2 percent, after dropping below 3 percent during the pande
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