In politically progressive circles, a strange phenomenon can occur. Supply skepticism, the belief that housing prices are divorced from impacts to housing supply, abounds. On this week's EcoNews Report, Professor Vicki Been from the Furman Center for Real Estate and Urban Policy, joins to discuss her metaanalysis of research into the relationship between housing supply and cost. (Hint: More housing moderates housing costs, generally.)
Required Reading:
Supply Skepticism Revisited (2023)