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- Biden has a plan to make housing more affordable, but prices might be stuck in the stratosphere.
- Biden's proposals may not be enough to tackle the housing shortage that's pushing up prices.
- It will take years for more supply to slow the pace of home price growth, economists say.
Americans waiting for the housing affordability crisis to ease might be waiting a long time, even with President Joe Biden's proposals to open up the market to more Americans, real estate experts told Business Insider.
That's not to say Biden's list of proposals to lower housing costs won't have an impact, according to Daryl Fairweather, the chief economist of the real estate listings site Redfin.