Home prices rose at an unprecedented pace in the aftermath of the COVID-19 pandemic as interest rates fell to record lows, the large cohort of millennials aged increasingly…
What is the microelasticity of mortgage demand to interest rates? Despite the importance of this parameter for models of monetary policy efficacy, little is known about the…
RR07-11: The paper then reviews local housing policy in three case-study cities in states with different approaches to housing and land use policy: California,…