A 1% Increase in New Housing Supply 🏡📈 (i) Lowers Average Rents 💰📉 by 0.19%, (ii) Effectively Reduces Rents of Lower-Quality Units 🏚️⬇️, and (iii) Disproportionately Increases the Number of Available Second-Hand Units 🔄🏠. New Supply Triggers Moving Chains 🔗 that Free Up Units in All Market Segments.
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#HousingSupply #Rents #RealEstate #MarketTrends #AffordableHousing
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#HousingSupply #Rents #RealEstate #MarketTrends #AffordableHousing
Journal of Political Economy Macroeconomics
The Impact of New Housing Supply on the Distribution of Rents | Journal of Political Economy Macroeconomics: Vol 3, No 1
I estimate the impact of new housing supply on the local rent distribution, exploiting
delays in housing completions caused by weather shocks. A 1% increase in new supply
(i) lowers average rents by 0.19%, (ii) effectively reduces rents of lower-quality
units…
delays in housing completions caused by weather shocks. A 1% increase in new supply
(i) lowers average rents by 0.19%, (ii) effectively reduces rents of lower-quality
units…
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Flood-affected homes in England lose value and are owned longer than comparable homes in unaffected areas, study of 27 million sales finds
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#Flooding #RealEstate #ClimateImpact
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#Flooding #RealEstate #ClimateImpact
Nature
Flood-affected homes in England lose value and are owned longer than those in unaffected areas
Communications Earth & Environment - In England, homes hit by flooding lose 3 percent of their value immediately after flooding, rising to 10 percent after 15 years, and are owned longer than...
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