Affordable Housing Isn't Very Affordable

Trading Perspectives: An Economic Podcast

Recently, the Bureau of Labor Statistics has been reporting the Consumer Price Index (CPI) continues to increase at a decreasing rate. That is ordinarily a good thing for US consumers. However, don’t tell that to potential first-time homebuyers who still can’t find a decent house at a monthly payment which makes sense. This keeps them renting instead of owner, which makes sense in the short-term but doesn’t over time. Is there a light at the end of the tunnel?

In this week’s Trading Perspectives, Sam Clement and John Norris discuss the US housing market and some of the reasons why young people are having difficulty buying a home. Unfortunately, things likely won’t get much better for a while.