Freddie Mac CEO Says U.S. Lacks New Housing Production

The video discusses the potential impact of eliminating the mortgage interest deduction on the housing market. It highlights the uncertainty among economists about its effects due to a lack of data. The discussion also covers the current state of the housing market, noting rising house prices and insufficient housing production, which affects affordability for buyers and renters.

What is one potential effect of eliminating the mortgage interest deduction?

• Increase in housing demand

• Decrease in housing demand

• Increase in government revenue

• Stabilization of housing prices

How might lower personal taxes influence the housing market?

• They increase mortgage interest rates

• They have no effect on housing purchases

• They make it harder to buy a house

• They provide more money for potential buyers

What is a challenge faced by first-time homebuyers in the current market?

• Decreasing house prices

• Increasing household incomes

• Abundance of new housing options

• House prices rising faster than incomes

What has been a trend in the housing market over the past several years?

• Household incomes have outpaced house prices

• House prices have decreased

• House prices have increased

• Rents have decreased

What is a significant issue affecting housing affordability in America?

• Decreasing demand for rental properties

• Insufficient production of new houses

• Sufficient production of new houses

• Overproduction of new houses