House prices are rising to record levels, putting homeownership out of reach for more and more Americans and leading to concerns about an overheated market. Many forces are at play—too few homes for sale, a recent spike in demand as families rethink what they want from their homes, and low interest rates. At the same time, a shortage of skilled labor, the rising costs of raw materials like lumber, and a continued lack of buildable land all make it difficult for housing production to quickly ramp up. This adds to the continued uncertainty about how federal assistance reaches millions of households behind on their rents or mortgages. Join the Bipartisan Policy Center as we ask leading economists to help us make sense of all these trends, assess where housing is headed the rest of the year, and explore the implications for federal housing policy.
Senior Vice President and Chief Economist, National Association of Home Builders
Vice President and Economist, Wells Fargo
Chief Economist, Zillow
Chief Economist, CoreLogic
Alfonso Costa Jr.
Executive Vice President, Falcone Group
In light of restrictions related to the COVID-19 pandemic, BPC events have shifted to all remote formats, such as video teleconferences or calls.