Many communities across the country face affordable housing challenges. An increasing number of communities are considering inclusionary zoning as a response. Inclusionary zoning programs, which require developers to sell a [...]
Over the past 30 years, eastern Massachusetts has seen a remarkable combination of rising home prices and declining supply of new homes, which doesn’t appear to reflect any lack of [...]
The median price of a single-family home in Houston dropped 8.5 percent compared to January 2008, according to the Houston Association of Realtors. But Houstonians are still much better off [...]
When planners make housing unaffordable, their first response is to impose “affordability mandates” on builders. Typically, such regulations require builders to sell 15 to 20 percent of their homes below [...]
Empirical research on cities starts with a spatial equilibrium condition: workers and firms are assumed to be indifferent across space. This condition implies that research on cities is different from [...]
In what follows, we lay out the case for new, place-conscious strategies. We begin by reviewing the well-documented case that place does indeed matter—that where you grow up affects where [...]
This paper investigates the role of hedonic model misspecification through inappropriate geographic aggregation in the debate over the effects of housing regulation...This modeling strategy better represents micro-market realities and the [...]
We study the equilibrium properties of an overlapping-generation economy where agents choose where to locate, and how much housing to own, and city residents vote on the number of new [...]
One approach to urban areas emphasizes the existence of certain immutable relationships, such as Zipf's or Gibrat's Law. An alternative view is that urban change reflects individual responses to changing [...]
Economic theory predicts that individual migration decisions for working-age adults will depend on area differences in wages, housing costs, and amenities. While the importance of wages and amenities is well-established [...]