The Federal Reserve has once again opted to leave interest rates unchanged. That appears to be creating a big challenge to one part of the economy: housing prices. Today, we look at how elevated interest rates may actually be keeping home prices and rent high. Plus, we see how one community is taking the issue of housing affordability into its own hands.
Read the research paper co-authored by Julia Fonseca, Lu Liu, and Pierre Mabille.
Related episodes:When mortgage rates are too low to give up (Apple / Spotify) The housing shakeup (Apple / Spotify) The highs and lows of US rent (Apple / Spotify)
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