Analyses from real estate market experts or economic think tanks

Kamala Harris Unveils $100 Billion Housing Plan with $25,000 Aid for First-Time Buyers

Oct 10, 2024, 04:54 PM

Vice President Kamala Harris announced a comprehensive housing plan aimed at addressing the high costs and housing shortage in the United States. The plan includes the construction of three million homes by the end of her first term and providing first-time homebuyers with $25,000 towards a down payment. This initiative is projected to cost $100 billion over four years. Harris emphasized the importance of making homeownership accessible to more Americans, countering the notion that homes are merely commodities. Critics argue that this policy could lead to higher home prices in the absence of a severe recession.