Vice President Kamala Harris is pitching a $25,000 down payment tax credit for first-time homebuyers on the campaign trail.

Redfin CEO Glenn Kelman (RDFN) says what he likes about the plan is that it was paired with an initiative to build more homes. But what he really would like to hear from the 2024 candidates is a plan to address federal lending standards. "We have made it so hard to get credit for affordable homes that builders have stopped building affordable homes," Kelman argues, adding that builders are building higher-end homes for those who qualify for loans and that those homes that are being built at the lower-end tend to be for rentals.

"If you really wanted to make a big change, change the lending standards and the supply would come through to match that," he told Yahoo Finance.

Be sure to watch the full interview with Redfin CEO Glenn Kelman.

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This post was written by Stephanie Mikulich.