The decline in interest rates in 2020 is a huge factor in explaining the recent surge in home prices. Population growth, a key driver of housing demand, actually slowed dramatically in the past year. The current surge in home prices…
When NIMBYs win, everybody loses Constricting housing supply drives up the price of housing further, and accelerates displacement, in rich neighborhoods and in poor ones. Two recent cases from different sides of the country illustrate the perverse effects of NIMBY…
The case for using tax increment financing for affordable housing in gentrifying neighborhoods The problem with gentrification is that rising property values may make it expensive or impossible for lower and moderate income residents to live in an area. But…
More housing supply denialism–debunked It appears that we have been a bit premature in calling the housing supply debate over. Last week’s urbanist Internet was all a flutter with the latest claim of an academic study purporting to show that…
Here’s a provocative proposal for getting more affordable housing, especially in rapidly changing, opportunity neighborhoods In part I of this series we laid out a key challenge to housing affordability described by Washington developer Rob Stewart based on his experience…