As housing costs boom, how home-buyers in one city search for affordability

Judy Woodruff:

Now the prospects ahead for the economy, jobs and housing as the country grapples with the pandemic.

Let’s start with the ever rising costs of housing, what’s behind it and the concerns over affordability for tens of millions.

According to the latest S&P/CoreLogic/Case-Shiller index, nationally, home prices were up almost 17 percent over the past year. In some markets, buyers and sellers are looking at even larger hikes.

Our economics correspondent, Paul Solman has the story for our series Making Sense.