The 116th Congress has been seeing different housing-related issues and these issues will assist housing programs as well as controlled by the Department of Housing and Urban Development (HUD). The issues may be related to housing finance, interest in reforming, temporary housing, and tax provisions. Additional issues may be materialized as Congress progresses. It will give you a broad overview of major issues and is not intended to provide detailed information or analysis. Here, you will get background on housing and mortgage market conditions and housing policy-related issues comprehensively. Generally increasing  home prices, relatively low interest rates, and rising rental costs have been prominent features of housing and mortgage markets. While interest rates have remained low, rising house prices and rental costs that in many cases have outpaced income growth have badly affected  housing affordability for both prospective homebuyers and renters.

Housing and Mortgage Market Conditions: It provided background on housing and mortgage market conditions at the beginning of the 116th Congress to provide context for the housing policy issues discussed in the remainder of the report. This discussion of market conditions is at the national level. Yet, local housing market conditions can vary dramatically, and national housing market trends may not reflect the conditions in a specific area. Nevertheless, national housing market indicators can provide an overall sense of general trends in housing. In general, rising home prices, relatively low interest rates, and rising rental costs have been prominent features of housing and mortgage markets in recent years. Although interest rates have remained low, rising house prices and rental costs that in many cases have outpaced income growth have led to increased concerns about housing affordability for both prospective homebuyers and renters.

It provided background on housing and mortgage market conditions at the beginning of the 116th Congress to provide context for the housing policy issues discussed in the remainder of the report. This discussion of market conditions is at the national level. Yet, local housing market conditions can vary dramatically, and national housing market trends may not reflect the conditions in a specific area. Nevertheless, national housing market indicators can provide an overall sense of general trends in housing. In general, rising home prices, relatively low interest rates, and rising rental costs have been prominent features of housing and mortgage markets in recent years. Although interest rates have remained low, rising house prices and rental costs that in many cases have outpaced income growth have led to increased concerns about housing affordability for both prospective homebuyers and renters.