« Marginal Revolution: Housing Bubble? | Main | Pearlstein on Real Estate Commissions »
Why have housing prices gone up?
Glaeser, Gyourko, and Saks cite regulatory obstacles as a primary reason why housing prices have risen so much since the 1970s. I am not convinced that this explains the possibly bubble-like run-up of the last few years, but here is the paper. Here are Glaeser's other writings on the topic. Via marginal revolution.
This page contains a single entry from the blog posted on April 19, 2005 7:20 AM.
The previous post in this blog was Marginal Revolution: Housing Bubble?.
The next post in this blog is Pearlstein on Real Estate Commissions.
Many more can be found on the main index page or by looking through the archives.