Housing Market Report from REAL Trends

​In a book written by Hoover Institute Economist Thomas Sowell some years ago, he traced most of the differentials in housing prices between markets to actions taken by local and state governments. Whether it is through affordable housing actions, impact fees, the setting aside of huge swaths of otherwise developable land,  Sowell shows that actions taken by state and local governments profoundly affect the local supply of housing and drive up prices. It’s a good read for those interested.