{"id":540188,"date":"2021-05-25T15:35:26","date_gmt":"2021-05-25T19:35:26","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=540188"},"modified":"2021-05-25T15:35:29","modified_gmt":"2021-05-25T19:35:29","slug":"psaki-says-rising-housing-prices-are-actually-good-for-some-families-economic-recovery-will-produce-some-bumps","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/psaki-says-rising-housing-prices-are-actually-good-for-some-families-economic-recovery-will-produce-some-bumps\/","title":{"rendered":"Psaki Says Rising Housing Prices Are Actually Good For Some Families, Economic Recovery Will \u2018Produce Some Bumps\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fpsaki-says-rising-housing-prices-are-actually-good-for-some-families-economic-recovery-will-produce-some-bumps%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=540188&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/Capture-4-e1621969948798.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<aside id=\"right1forarticles\">\n<\/aside>\n<div id=\"ob-read-more-selector\" readability=\"32.964574269733\">\n<p>White House press secretary Jen Psaki said that rising prices are good for some families during a press briefing Tuesday when asked a question about housing costs.<\/p>\n<p>\u201cFirst let me say for some middle-class families, some \u2026 their home is their primary source of wealth,\u201d Psaki said in response to a question from Bloomberg\u2019s Jennifer Epstein. \u201cThe financial effects that some are feeling are positive.\u201d<\/p>\n<p>Epstein asked if the administration has any \u201cconcerns about what it\u2019s seeing in the housing market \u2026 both in the new homes and in the bidding war environment for a lot of existing homes.\u201d Epstein referenced rising prices of <a href=\"https:\/\/dailycaller.com\/2021\/05\/03\/lumber-prices-homebuilding-costs-united-states-economy\/\" target=\"_blank\" rel=\"noopener noreferrer\">input goods like lumber<\/a> and metals since President Joe Biden took office. <strong><a href=\"https:\/\/dailycaller.com\/2021\/05\/12\/biden-walks-away-from-question-about-rising-prices-for-americans\/\" target=\"_blank\" rel=\"noopener noreferrer\">(RELATED: Biden Walks Away From Question About Rising Prices For Americans)<\/a><\/strong><\/p>\n<p>\u201cThat said, the increase in housing prices we\u2019ve seen does bring concerns for us about housing affordability,\u201d Psaki added. \u201cWe recognize that \u2026 restarting the economy is going to produce some bumps.\u201d<\/p>\n<p>Inflation has ticked upward during the Biden administration, leading to higher prices on consumer goods like groceries, as well as gas and housing. Psaki touted the administration\u2019s proposed Neighborhood Homes Tax Credit, which would renovate 500,000 single-family homes in low-income neighborhoods, as a way to increase housing supply. <strong><a href=\"https:\/\/dailycaller.com\/2021\/05\/04\/joe-biden-economy-inflation-bank-of-america-warren-buffett\/\" target=\"_blank\" rel=\"noopener noreferrer\">(RELATED: Bank Of America, Warren Buffett Celebrate Surging Corporate Profits As Consumer Prices Soar)<\/a><\/strong><\/p>\n<p><a href=\"https:\/\/dailycaller.com\/2021\/05\/04\/consumer-prices-surge-economists-inflation-lawrence-summers-peter-schiff\/\" target=\"_blank\" rel=\"noopener noreferrer\">Some economists have warned<\/a> that Biden\u2019s big spending <a href=\"https:\/\/dailycaller.com\/2021\/02\/12\/democrats-worry-bidens-stimulus-plan-cause-hyperinflation\/\" target=\"_blank\" rel=\"noopener noreferrer\">will lead to even more inflation<\/a>. Since January, consumer goods costs <a href=\"https:\/\/dailycaller.com\/2021\/05\/20\/federal-reserve-joe-biden-heritage-foundation\/\" target=\"_blank\" rel=\"noopener noreferrer\">have grown twice as fast<\/a> as wages.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>White House press secretary Jen Psaki said that rising prices are good for some families during a press briefing Tuesday when asked a question about housing costs. \u201cFirst &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2312992,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/Capture-4-e1621969948798.jpg","fifu_image_alt":"Psaki Says Rising Housing Prices Are Actually Good For Some Families, Economic Recovery Will \u2018Produce Some Bumps\u2019","footnotes":""},"categories":[],"tags":[],"class_list":["post-540188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/Capture-4-e1621969948798.jpg","fifu_image_alt":"Psaki Says Rising Housing Prices Are Actually Good For Some Families, Economic Recovery Will \u2018Produce Some Bumps\u2019","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/540188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=540188"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/540188\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2312992"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=540188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=540188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=540188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}