As the race tightens between Vice President Kamala Harris and former President Donald Trump, some voters have their eyes set on how the two candidates would impact the housing market.For many Americans, purchasing a home remains out of the question due to the high costs in today's market. A recent analysis by Freddie Mac found that there would need to be at least 1.5 million more homes to solve the country's housing shortage.
It's very possible some of these proposals could have the opposite effect, as tax credits and fewer regulations could leave sellers thinking they can start to charge a premium on already high prices.'The Joe Biden administration, which includes Harris, has already announced $100 million in community grants to remove barriers around affordable housing construction.Harris has also pledged during her campaign to build 3 million new homes over the span of four years.