Barkin: High housing costs rooted in supply, low rates would only stoke demand
ReutersNov 18, 2025 4:53 PM
WINCHESTER, Va., Nov 18 (Reuters) - Lower mortgage rates would stoke demand for housing but not address underlying supply problems that are the main driver of current high home prices, Richmond Fed President Thomas Barkin said on Tuesday.
"If mortgage rates go down...you'll get a lot more people that want houses...You'll have no more houses the next day," Barkin said. "The way to bring housing prices down is to build more housing."
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