Federal zoning deregulation and buyer caps cannot override local and macroeconomic housing bottlenecks.
Even when bipartisan federal housing packages ease design standards and cap institutional buying groups, high mortgage rates and localized zoning codes keep existing inventory locked and sales volume depressed.
The same conclusion keeps arriving from across the workspace's research — 1 topics independently instantiate this theme. Filter the evidence by where it came from:
Persistent high mortgage rates are keeping existing home sales depressed and supply at a decade-high level, overriding other market adjustments.
The ROAD Act instantiates precisely the bipartisan buyer cap and design-standard deregulation instruments the theme evaluates, now federal law with a 350-home threshold and carve-outs.
Despite massive federal legislative interventions, overall housing transactions continue to fall because localized bottlenecks and high mortgage rates remain persistent.