The pandemic pushed the U.S. housing market into a frenzy, with demand outpacing the homes for sale. The market cooled a bit in July. But, even before the pandemic, the cost of the average home rose more than 50 percent between 2012 and 2019 — out of reach for many buyers. Renting is even worse. A recent report showed the typical minimum-wage worker cannot afford the rent of a two-bedroom apartment anywhere in America.
Host Chris Farrell talks with Jenny Schuetz, a senior fellow at the Brookings Metropolitan Policy Program and Lisa Grant, a real estate agent in Charleston, S.C., about how to make housing more affordable.
Jenny Schuetz is a senior fellow at the Brookings Metropolitan Policy Program and an expert in urban economics and housing policy.
Lisa Grant is a real estate agent with experience buying, selling, renting, repairing and renovating homes. She is the owner of See Wee Homes, a real estate brokerage in Charleston, S.C.
Use the audio player above to listen to the full conversation.
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