Markets
In This Housing Boom, the Worry Is That Prices Are Too High
Cities are taking steps to create more affordable alternatives for people shut out of the market.
Home prices in the U.S. are up 25% in five years, according to the S&P CoreLogic Case-Shiller index. Unlike during the property fever of the 2000s, new construction has been slow, so policymakers and even employers are reaching for ways to make housing affordable. There’s a similar trend in global cities.