Illustration of blue and white houses pointing diagonally to the right showing how real estate prices have grown exponentially
Monopolies of homebuilders are contributing to a housing crunch in the U.S., preventing millions of residents from buying a home, says Johns Hopkins economist Luis Quintero. Illustration of blue and white houses pointing diagonally to the right showing how real estate prices have grown exponentially - For most people, buying a house is a big decision. Factors like interest rates, school zones, commute times, location, and, of course, affordability influence the decision to forego the monthly rent payment for a long-term mortgage. Yet buying a home remains out of reach for many individuals and families in the U.S., with house prices hovering close to an all-time high, and millennials, for a variety of reasons, opting to continue renting. Luis Quintero , an assistant professor at Johns Hopkins Carey Business School, knows well the interwoven variables affecting the decision to buy (or not buy) a house in the United States, along with the fluctuating market forces driving prices. A specialist in urban and real estate economics, particularly related to policy-related topics like affordability, Quintero recently met with The Hub to discuss the state of the housing market and share insights from his recent research uncovering an important yet missing piece of the housing puzzle.
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