The Economic Implications of Housing Supply
In this essay, we review the basic economics of housing supply and the functioning of US housing markets to better understand the distribution of home prices, household wealth, and the [...]
Are Private Markets and Filtering a Viable Source of Low-Income Housing? Estimates from a “Repeat Income” Model
While filtering has long been considered the primary mechanism by which markets supply low-income housing, direct estimates of that process have been absent. This has contributed to doubts about the [...]