This paper uses supply and demand analysis to examine the housing market within twenty-eight metropolitan statistical areas (MSAs) in the Midwest. Examining trends of the housing market provides an opportunity to analyze which factors contribute to a shortage of affordable housing. Specifically, this paper focuses on factors contributing to a MSA’s housing market and the share of homes affordable to households of median income as measured by the Housing Opportunity Index.
Recommended CitationDavenport '03, Jamie (2003) "The Effect of Demand and Supply factors on the Affordability of Housing," The Park Place Economist: Vol. 11
Available at: http://digitalcommons.iwu.edu/parkplace/vol11/iss1/15