CEP Symposium: Housing Affordability

Edited by Charles Ka Yui Leung, City University of Hong Kong, and Kwok Ping Tsang, Virginia Tech

Symposium Introduction

A casual search of “housing affordability” (HA) on Google delivers more than 190,000,000 results, reflecting that HA is a global concern. Based on the virtual workshop titled "Post-Crisis Housing Market and Financial Stability: Recovery without Affordability?" in July 2020, this collection of papers explores the different aspects of HA, including the post COVID-19 recovery, possible defaults by real estate developers, the dynamics of the house price-to-income ratio (PIR), the drop in American youth homeownership and the comparison between housing and transportation vouchers. This special issue attempts to balance theoretical analysis, empirical evidence, and policy implications.

View the symposium on the CEP Online Library: Symposium on Housing Affordability