Boston's high housing costs reflect a historic failure to build enough units to satisfy demand. Interest rates and construction costs have risen recently, and the flow of new market-rate residential housing projects has slowed. To spur more construction, the City of Boston is considering various...

This research examines the relationship between hedonically controlled housing price levels and subsequent changes in those prices across locations within MSAs. Our hedonic controls are extensive and so we ask whether between observationally equivalent houses those with higher prices have...