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US housing crisis becomes a critical issue in the presidential election

High interest rates leave stagnant market with lower supply and costlier rents in swing states
According to a poll by the progressive Center for Popular Democracy, 84% cent of voters in swing states say the cost of housing is a major issue

Realtor Mike McCann has helped Philadelphians buy and sell houses for close to four decades, but the current downturn in the property market is unlike any he has seen before.

“Sales are down dramatically from a couple years ago,” he said. “The crazy thing is that in any other downturn in my 38 years, prices start to drop, drop, drop — but inventory is low.

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