Amenity-Based Housing Affordability Indexes

  title={Amenity-Based Housing Affordability Indexes},
  author={Lynn M. Fisher and Henry O. Pollakowski and Jeffrey E. Zabel},
  journal={Wiley-Blackwell: Real Estate Economics},
The recent slump notwithstanding, substantial increases in house prices in many parts of the United States have served to highlight housing affordability for moderate-income households, especially in high-cost, supply-constrained coastal cities such as Boston. In this article, we develop a new measure of area affordability that characterizes the supply of housing that is affordable to different households in different locations of a metropolitan region. Key to our approach is the explicit… 

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