How suburban sprawl weighs on the U.S. economy
As America grew over the 20th century, real estate developers built large tracts of single-family homes outside of major cities. This pattern solidified over decades and is now creating very modern problems. Today's housing shortage and affordability crisis are linked to the mortgage underwriting standards introduced by 1930s New Deal policies. Experts say it is possible to fix some but not all of the economic problems of suburbanization.
Tue, Feb 1 20227:57 AM EST