Understanding the impact of housing supply on housing price inflation is a particularly important issue from a policy … increase in housing prices across a number of western economies. More recently, across countries, a common characteristic … observed in housing markets appears to be the increase in price inflation in the aftermath of the Covid-19 pandemic. A key …

Purpose - We propose an economic model of housing markets. The model incorporates the macroeconomic relationships … microeconomic model of search, matching and price formation. The model is applied to data on regional housing markets in England and …, which is useful in informing housing and land-use policies. In addition to heterogeneity, the model enables us to better …