Absolutely. I think there are a number of factors here, but the most trivial is population growth - we're +90m people in the US since 1985 and we've seen a percentage shift of the total population to the major urban centers - and the simple fact that competition for prime locations increases as a result.
Everyone wants to live in a prime central location with plenty of space and good schools. Who wouldn't? It's a naive reading, but that phenomenon feels very much like a simple econ 101 supply constraint.
I'd be very interested in some further reading on it if you're aware of any though.
Everyone wants to live in a prime central location with plenty of space and good schools. Who wouldn't? It's a naive reading, but that phenomenon feels very much like a simple econ 101 supply constraint.
I'd be very interested in some further reading on it if you're aware of any though.