The Housing Supply Puzzle: Part 3, Price Gaps
2 Pages Posted: 13 Jun 2018
Date Written: 2018
Abstract
In Part 1 (\\"Divergent Markets\\") of this series, we argue that the recent divergence in housing supplies likely signals a decline in inventories of lower- and middle-tier homes nationwide. Part 2 (\\"Rental Demand\\") discusses the role that rental-market developments have played in exacerbating this shortage. In this third and final essay, we document another trend that might have contributed to the scarcity of lower- and middle-tier homes: the widening price gaps between different housing tiers.
Suggested Citation: Suggested Citation
Karson, Evan and McGillicuddy, Joseph and Ravikumar, B. and Ravikumar, B., The Housing Supply Puzzle: Part 3, Price Gaps (2018). Available at SSRN: https://ssrn.com/abstract=3194979
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