High demand and record-low supply are pushing housing prices to new heights in the Twin Cities. And developers aren’t building enough homes that most people can afford.

The Twin Cities has historically had among the highest rates of homeownership in the country, but that rate is falling. At the same time, the region confronts a widening racial gap in homeownership, one of the largest in the nation.

If it’s bad now, what will it be like in 20 years?

Libby Starling talks about the present and future of homeownership in the Twin Cities metro. She is the director of Community Development and Engagement at the Federal Reserve Bank of Minneapolis. Previously, she led the development of the Metropolitan Council’s most recent long-range plan for the Twin Cities.