Two major reports dropped this week that reframe the housing affordability debate: the White House Economic Report found that 15 years of underbuilding since 2008 has left America short by 10 million or more single-family homes, while the American Enterprise Institute found that large institutional investors own less than 1% of all single-family homes — and are already pulling back. Meanwhile, Congress is moving to ban large corporations from buying single-family homes, with the Senate passing the bill 89-10 in March, though it's not yet law and faces a reconciliation battle in the House. The data raises a pointed question: if institutions own less than 1% of the market, is Congress targeting the right problem? Markets with the heaviest institutional activity — Phoenix, Dallas, Austin — are actually seeing price declines, while markets with almost no institutional buying are posting the strongest appreciation. The real fix, according to both reports, is supply — and supply takes years to build. Enjoy, Friends! Have a great week! Remember to snag your exert time-saving templates in the Classroom or Here. Poll Below👇 What do you think is the real cause of the housing affordability crisis? Two new reports dropped this week with a clear answer. What's your take?

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