Treading Water: Special Issue on the Housing Market

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The U.S. housing market can be summed up in two words: expensive and tight. Underbuilding in response to the housing bust has reached 1970s, stagflation levels. As a result, first-time buyers are engaging in bidding wars over a limited number of entry-level homes. In the April issue of Economic Currents, we take a closer look at housing in the context of an economy that is solid but growing less quickly.

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