Dreams of Economic Security Are Fading as Home Prices Soar
Newly built homes at the Cold Spring Barbera Homes subdivision in Loudonville, New York
Photographer: Angus Mordant/BloombergI’m Cécile Daurat, an economics editor in the US. Today we’re looking at Ann Choi, Mark Niquette, Michael Sasso, and Alexandre Tanzi’s report on housing affordability. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.
The crisis of housing affordability spawned or accelerated by the pandemic has been well-chronicled around the world, from Europe to the UK and Australia.