I know that the Fed controls monetary policy, specifically interest rates, but affordability will ultimately fall at the feet of the person in power.Ĭonflicts in Ukraine and in Israel/Palestine are going to impact Biden's reelection bid. The National Association of Realtors Affordability Index says that a median income isn't enough to qualify for a mortgage on a median-priced home.
However housing affordability is a major issue. Unemployment is also down to the lowest rate since the pandemic at 3.8%.
Inflation is down nearly four points (3.7%) from where it was a year ago (7.7%). Republicans hope that those disapproval ratings show up when the polls open in 2024.īiden's team will be pleased with how the economy is performing. Biden has been floating around 40% since December according to Reuters. I like looking at a President's approval rating to sort out his electability odds in 2024. Presidential Odds: Joe Biden's Popularity Odds To Win US Presidential Election 2024 Team Video Poker Guide: Play the Best Online Video Poker Games.
