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As a neighborhood grows and develops, property values are likely to climb. The gentrification of urban neighborhoods in some American cities over the last few decades has often resulted in a dramatic … Read More
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Learn the most recent news about residential and industrial real estate within the Seattle area and Pacific Northwest. That was the conclusion of a current paper by the economists Ed Glaeser of Harvard and Joe Gyourko at the Wharton Faculty of the College of Pennsylvania. The paper makes use of construction trade knowledge to find out how a lot a home ought to value to construct if land-use regulation had been drastically cut back. Since the price of erecting a home varies little from state to state — land is the main variable in housing prices — their measure is the closest thing we have to a nationwide dwelling value.