Congress isn't waiting on Trump to tackle high housing costs [CNN]
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Source: CNN
Now, a bipartisan group in Congress is moving forward with its own solution. Members of both the Senate and the House of Representatives have introduced a package of bills to address high housing costs and the shortage of affordable housing by reforming zoning and reducing federal barriers to construction. The House's bill is expected to receive a floor vote this week. Washington is under pressure to address the high cost of living, and housing has emerged as a pain point. In recent years, surging home prices and persistently elevated mortgage rates have put homeownership out of reach for millions of Americans. A New York Times/Siena University poll last month showed that more than half of registered voters surveyed said the cost of housing has gotten so high that it has become unaffordable. What is Congress's plan? In the years since the 2008 financial crisis, homebuilding has lagged, creating a housing shortage that has pushed prices higher as demand far outstrips supply
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