US homeowners are staying put due to high mortgage rates and home prices.
Biden has proposed housing policy changes, including a $10,000 tax credit to sell a home.
The tax credit could get more starter homes on the market, but much more building is needed.
AdvertisementWith mortgage rates elevated, lots of homeowners in the US are staying put.
They figure they're better off waiting until mortgage rates or home prices — or both — come down before they begin the hunt for their next house.
Persons:
Biden, —
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