>our findings imply that constrained housing supply is relatively unimportant in explaining differences in rising house prices I guess it's something worth inv

>our findings imply that constrained housing supply is relatively unimportant in explaining differences in rising house prices I guess it's something worth investigating, but is anyone really under the impression that this is a simple supply and demand system? We have algorithmic pricing all over the housing markets, and there is an artificial floor on prices. (Check out the realpage actions for a glimpse into this stuff.)