Housing Is Stable, but Still Out of Reach for Many Americans

In Knowledge at Wharton, Penn IUR Co-Director Susan Wachter discusses the current state of the U.S. housing market. Weighing in on the ongoing affordability crisis, Wachter explains why the core problem facing homebuyers today is not financial instability, but a severe shortage of entry-level homes—and outlines what can be done to address it.

From a societal standpoint, the goal should be clear: help the next generation move from their parents’ basements onto the homeownership ladder.