The volatility of the business cycle and an extreme shortage of housing were the twin problems of American economic life in the years following the First World War. Under the…
In the years immediately following the First World War, economists in industry, government, and academia came to perceive data as the antidote to the interrelated crises…
Alexander Hermann, Thomas Shay Hill
•
May 18, 2021
Home prices across the US rose significantly during the pandemic, bolstered by historically low interest rates, strong demand, and the tightest supply conditions seen in 40…
Over one-third of U.S. households rent their home and, since the Great Recession, rents for many of these households have grown faster than either inflation or renters’ wages…
A surge in residential improvements has amplified post-Recession rent growth, and financial intermediaries have contributed to this effect by reallocating financing to…