SURP Director Publishes Article in the Journal of Urban Economics
Steve Bourassa, Director of the School of Urban and Regional Planning, co-authored an article titled “U.S. Metropolitan House Price Dynamics” in the May 2018 issue of the Journal of Urban Economics. The paper uses advanced statistical techniques to explain changes in house prices in metropolitan areas in the United States. He and his co-authors find that aggregate personal income for metropolitan areas is an important determinant of house price dynamics, but the effect of aggregate income is closely related to constraints on the supply of housing. Supply constraints can be topographical or regulatory. His co-authors are Martin Hoesli (University of Geneva, Switzerland) and Elias Oikarinen and Janne Engblom (both at the University of Turku, Finland).