Annual Harvard housing survey highlights soaring housing costs

The annual “State of the Nation’s Housing” report from Harvard’s Joint Center for Housing Studies dropped in late June, and it highlights the U.S. real estate industry’s rising housing costs. The report is always a must-read for industry watchers, and this edition is no different. Among other insights, it notes that home and rent prices jumped a higher percentage year over year in 2021 than any year since 2004.