Of the 100 largest metros, Las Vegas has been the most elastic housing market in the U.S. over the past 20 years. Prices over this period increased 71.4%, but the housing stock increased 87.8%, leading to an elasticity estimate of 1.17. Other metros are not so fortunate. http://www.housingwire.com/articles/37578-trulia-building-permits-preventing-new-housing-growth ❤️ #share #mortgage
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