effects of housing supply conditions throughout a metropolitan area. New units draw residents with higher incomes from the … areas. Inelastic housing supply causes price/income ratios to rise more in ZIP codes where incomes are low, and this pattern … can be used as a real-time estimate ofregional supply constraints.Where the existing housing stock is filtering upward to …

developed later, and they increase in-migration from low-income areas. Results are driven by a large supply effect - we show … slow local rent increases rather than initiate or accelerate them. …

developed later, and they increase in-migration from low-income areas. Results are driven by a large supply effect—we show that … rent increases rather than initiate or accelerate them …

identical demand changes in the 2000s across markets, a second that proxies for supply elasticity and demand changes in the 2000 … constraints to proxy for supply elasticity and uses state fixed effects to capture variation in demand conditions …There is no evidence that differences in supply elasticity caused cross sectional variation among US housing markets in …

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 …

This paper shows how Poterba, like many others, tries to use a non-existing demand and supply model to explain housing … price. Instead, this paper derives the housing demand and supply functions without combining them into one single graph. The …

during busts. The standard model of housing demand treats housing as a quantity of "housing services", an imaginary …