Date of this Version
Journal of Regional Science
This paper considers the implications of increasing land supply constraints in the United States on urban demand. First, because shifts in demand are now capitalized more into the price of land, house prices in some metropolitan areas have grown increasingly unaffordable to typical households. This might have an effect on the fundamental character of such cities. Second, the effect of home owners’ financial interests as landowners on their decisions about what regulations or investments in their communities to support may become stronger. Third, researchers may now be able to better use land prices to make inferences about urban demand. However, interpreting real estate prices still is tricky.
This is the peer reviewed version of the following article: Sinai, T. (2010), FEEDBACK BETWEEN REAL ESTATE AND URBAN ECONOMICS. Journal of Regional Science, 50: 423–448., which has been published in final form at doi: 10.1111/j.1467-9787.2009.00660.x. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving http://olabout.wiley.com/WileyCDA/Section/id-820227.html#terms.
Sinai, T. (2010). Feedback Between Real Estate and Urban Economics. Journal of Regional Science, 50 (1), 423-448. http://dx.doi.org/10.1111/j.1467-9787.2009.00660.x
Date Posted: 27 November 2017
This document has been peer reviewed.