What’s the issue?

Home prices

How have housing prices changed since before the pandemic?

They’re up 56% since February 2020, according to data from the National Association of Realtors.

Why has the price gone up?

There are too many buyers for too few homes. Several reasons explain the supply shortage, including a lag in home building, rising construction costs and high mortgage rates that discourage current homeowners from moving and giving up their lower rate.