Executive Summary Recent CPI-U and CPI-E (age 62+) data suggests the elderly have experienced higher CPI growth over the same period, and the heightened rate is likely from a greater weight in the shelter component of CPI which accounts for the housing costs of those who both own and rent their properties. Homebuying trends have … Continue reading
The nation undoubtedly faces an affordable housing problem, one that can be understood through the economic lens of housing supply-and-demand. Since the Great Recession, mortgage rates have remained low but at the expense of overall housing costs, with prices of the average American home soaring to $316,000 in June of 2019. A study by Freddie Mac attributes the rise … Continue reading
