Yellen Unveils Measures to Lower Housing Costs

Biden administration’s new tools aim to reduce median home prices that have soared 38 percent since January 2021.
Yellen Unveils Measures to Lower Housing Costs
U.S. Treasury Secretary Janet Yellen attends a press conference at U.S. Ambassador's residence in Beijing on April 8, 2024. Pedro Pardo/AFP via Getty Images
Andrew Moran
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Treasury Secretary Janet Yellen, while announcing the latest administration housing policy measures, said the White House is employing “a broad affordability agenda” to help deal with the ongoing supply shortage and ease record prices.

Last month, due to a blend of supply tightness and solid demand, the median home price soared to an all-time high of $419,300.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."