When Will the U.S. Housing Market Reactivate?

James Egan and Ellen Zentner discuss the future of the U.S. housing market, highlighting that despite potential interest rate cuts by the Fed, mortgage rates may not decrease sufficiently to significantly improve housing affordability. They explore demographic trends indicating a need for approximately 18 million new housing units by 2030 and the challenges of affordability leading to increased rentership and internal migration. They also touch on the implications of single-family rentals, the importance of homeownership for wealth creation, and potential policy solutions to address affordability issues, as well as investment opportunities in single-family rentals, REITs, senior housing, and sustainable home construction.