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February 2025

Dear Colleague,

The rising cost of housing is a growing concern across generations, with home ownership for young people becoming an increasingly faraway reality. The December issue of Finance & Development explores the complex housing-market dynamic and more equitable solutions.

“All sectors—public, private, nonprofit—must work together to ensure greater access to housing. A well-functioning housing sector is critical to the health of society, to every economy, and to financial stability. To get our house in order, we must fix what’s broken,” writes Gita Bhatt, F&D editor-in-chief.

Below are a few highlights, and you can click here to read and subscribe — Finance and Development is distributed free of charge.

Walkways, Not Walls | There are benefits to better connecting macroeconomics with real estate economics | Prakash Loungani

The Housing Affordability Crunch | A newly developed dataset shows how the pandemic’s aftermath ushered in the worst housing affordability crisis in more than a decade | Deniz Igan

The True Cost of Living | Sharply higher borrowing costs, especially for housing, fueled a disconnect between inflation statistics and consumer sentiment | Lawrence Summers, Marijn Bolhuis, and Judd Cramer

China’s Real Estate Challenge | Sliding property prices may presage a painful economic adjustment | Kenneth Rogoff and Yuanchen Yang

São Paulo Reclaims Its Center | Brazil’s megalopolis combines federal and municipal programs to retrofit buildings in the downtown area | Elizabeth Johnson

Housing Africa’s Growing Population | Deeper understanding of informality and better use of technology can build more sustainable housing markets | Kecia Rust

How To Spot Housing Bubbles | Early detection and mitigation can help deflate asset bubbles before they burst | Enrique Martínez García
Published quarterly, F&D provides cutting-edge research and analysis of key economic, finance, and development issues, such as climate change, globalization, and digital currencies. You can find op-eds, interviews with leading figures in economics, book reviews, and online-exclusive content.

Previous issues have explored artificial intelligence, rethinking economics, and “An IMF for Tomorrow.”

Browse the issues archive here.
Finance & Development is always free and available in six languages online.
Subscribe here for future print issues in English.
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