Why housing is so expensive in high-demand areas

Owning a home feels increasingly unattainable for many middle-class Americans. Last year, home prices surged to nearly five times the median income. Yet the pace of building new housing, which could create more affordability, remains slow. In this episode, host Samantha Laine Perfas talks with urban economist Ed Glaeser, former CEA chair Jason Furman, and innovative housing expert Amy Tomasso about how those hoping to buy can make sense of the current housing crisis.