Why have housing prices gone up?
Glaeser, Gyourko, and Saks cite regulatory obstacles as a primary reason why housing prices have risen so much since the 1970s. I am not convinced that this explains the possibly bubble-like run-up of the last few years, but here is the paper. Here are Glaeser's other writings on the topic. Via marginal revolution.
More on Housing Prices
By Jim Zellmer on April 19, 2005 7:20 AM
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About this Entry
This page contains a single entry by Jim Zellmer published on April 19, 2005 7:20 AM.
Marginal Revolution: Housing Bubble? was the previous entry in this blog.
Pearlstein on Real Estate Commissions is the next entry in this blog.
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