Redfin Chief Economist Sees Structural Issues in Housing

Redfin Chief Economist Daryl Fairweather stated that structural issues are impacting the housing market on March 18, 2024. She discussed the bipartisan Road to Housing Act, which aims to address the national housing supply shortage by linking federal funding to local governments' strategies for increasing housing supply and simplifying zoning and permitting. President Trump has opposed this legislation, despite its passage by a veto-proof majority. Fairweather shared these insights during an appearance on Bloomberg's "The Close" with Romaine Bostick and Katie Greifeld.