Federal Reserve Chair Powell has highlighted a critical reality: housing markets face structural headwinds that monetary policy alone can't fix. The real problems? Constrained supply, soaring prices, and the growing affordability crisis. In other words, rate cuts might ease borrowing costs, but they won't magically expand housing stock or solve the deeper imbalances plaguing the sector. It's a stark reminder that not every economic challenge responds to traditional policy tools — a lesson worth remembering across all asset classes.