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Morgan Stanley: 2024 housing market is 'poised for an improvement in affordability that we have only seen a handful of times over the past ~35'
Morgan Stanley expects U.S. home prices to soften some in 2024, however, says "strong fundamentals of existing homeowners will prevent sizable corrections”
Lance Lambert
Housing market affordability is made worse by NIMBYism, says Richmond Fed President Tom Barkin
Barkin: 'Subsidizing current prices at a wide scale will only increase demand further, worsening the imbalance with supply. Suppressing demand isn’t an attractive option either. So, that leaves us with the need to increase housing supply.”
Lance Lambert