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Federal Reserve Bank of St. Louis
Economic Synopses
The Housing Supply Puzzle: Part 3, Price Gaps
Evan Karson
Joseph McGillicuddy
B. Ravikumar
Abstract

In Part 1 ("Divergent Markets") of this series, we argue that the recent divergence in housing supplies likely signals a decline in inventories of lower- and middle-tier homes nationwide. Part 2 ("Rental Demand") discusses the role that rental-market developments have played in exacerbating this shortage. In this third and final essay, we document another trend that might have contributed to the scarcity of lower- and middle-tier homes: the widening price gaps between different housing tiers.


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Download https://doi.org/10.20955/es.2018.11
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Evan Karson & Joseph McGillicuddy & B. Ravikumar, "The Housing Supply Puzzle: Part 3, Price Gaps" , Federal Reserve Bank of St. Louis, Economic Synopses, issue 11, pages 1-2, 2018.
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