Now What?
Responding to your requests, this report summarizes and expands on the post-election outlook for U.S. housing policy we’ve also discussed with many of you since November 3.  As is our practice, we do not forecast specific Biden Administration appointees, let alone try our hand at political questions such as those hinging on the Georgia run-offs.  Instead, we assess likely policy decisions based on projected macroeconomic and market developments and the actions sparked by them expected from the Biden team, Fed, FHFA, and Congress.