Can More Housing Supply Solve the Affordability Crisis? Evidence from a Neighborhood Choice Model
Finance and Economic Discussion Series 2018-035, April 2018
By: Federal Reserve Board
https://www.federalreserve.gov/econres/feds/files/2018035pap.pdf
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This report examines the relationship between housing supply and affordability. It concludes that rental rates are more closely related to neighborhood amenities than supply and suggests that improving low-cost neighborhoods could help drive down the price of housing in high-cost neighborhoods.