Economist talks homeownership rates
As homeownership decreases nationally and foreclosure rates continue to climb, the housing market in the St. Louis region remains among the strongest.
William Rogers, associate professor of economics at the University of Missouri–St. Louis, talked with the St. Louis Post-Dispatch about how the region’s stability, coupled with relatively low home prices and slightly above-average household income, contributes to a high rate of homeownership.
“The housing market here functions about as well as any realistic housing market can,” Rogers told the Post. “People can pretty much get what they want to.”
Rogers recently completed a housing and labor market study with Anne Winkler, professor of economics and public policy administration at UMSL, which was published in Monthly Labor Review.
Short URL: http://blogs.umsl.edu/news/?p=42944