Demand pressure, not supply inelasticity, explains coastal markets' high price volatility relative to other US markets … similar historical demand pressure, coastal markets saw greater average price growth, but no worse crashes and no greater …

developed later, and they increase in-migration from low-income areas. Results are driven by a large supply effect - we show …

developed later, and they increase in-migration from low-income areas. Results are driven by a large supply effect—we show that …

between prices, demand and supply. Since vacancy rates are not observable, the demand-supply mismatches are identified using a … markets when complete demand, supply and pricing data are not available. The model may also be useful when data are available …

explicitly models the relationship between changes in house prices and various measures of housing supply. The results show that … months supply of new homes places greater downward pressure on house prices that the months supply of existing homes. We …

supply conditions, interact with expectations-driven housing market fluctuations. …

This paper models the demand and supply sides of the housing market separately. In the empirical analysis, the vector … effect of the variables on housing demand and supply in Turkey. While the dependent variable on the demand side is real … error correction model (VECM) is preferred to identify the impacts of fundamental macroeconomic factors on the demand and …

I estimate the impact of new housing supply on the local rent distribution, exploiting weather shocks during the … construction phase as an instrument. New supply decreases rents at all quality levels. Building on a quantitative dynamic model of … housing quality and tenure choice, I explain this pattern by secondary housing supply: New supply to the owner-occupier market …

new housing supply can improve housing affordability. In the model, equilibrium rental rates are determined so that the … neighborhood. We find that the rent elasticity is low, and thus marginal reductions in supply constraints alone are unlikely to … level of amenities in a neighborhood—as in a Rosen-Roback spatial equilibrium framework—than by the supply of housing …

supply shock is similarly strong in locations experiencing growing housing demand. Moreover, it affects the entire rent …I estimate the impact of new housing supply on the local rent distribution, exploiting delays in housing completions … caused by weather shocks during the construction phase. Increasing the flow of new supply by 1 percent lowers average rents …