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When Should I Refinance In Florida? | NSH Mortgage | Home Loan Tampa’s Rising Home Values Result of Job Growth, Land-Use Regulations In areas throughout the United States with the strictest land-use regulations, home values increased by 25% for every 10% growth in employment over the same period. This is compared to a 14% increase in home.
In areas throughout the United States with the strictest land-use regulations, home values increased by 25% for every 10% growth in employment over the same period. This is compared to a 14% increase in home value per 10% growth in employment on average in the country.
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Home values and job growth have both risen since 2010, but home values grew much more steeply in metros with stricter land use regulations. Every additional 10 percentage points of job growth was associated with 25 percentage points of home value growth in heavily regulated metros, versus only 4.5 percentage points in lightly regulated metros.
land use practices, by constraining housing supply and raising prices, not only make housing less affordable but also contribute to growing inequality, and may reduce the rate of economic growth. 5 Ganong and Shoag use the number of state appellate court cases containing the phrase ^land use _ (as a fraction