First-time buyer Lorenz curves

Taking a look at affordability for first-time buyers, and what useful metrics can be constructed to measure this.

Keith Stewart Jens von Bergmann

13 minute read

At the end of this odd COVID-19 summer we launched a reading group to bring together people interested in diving into papers and books looking at housing issues. Geoffrey Meen and Christine Whitehead’s recently released book Understanding Affordability: The Economics of Housing Markets has been the group’s first read. We highly recommend the book, it’s a good read for anyone looking for a practical understanding of how housing markets work and ways to think about supply and demand and what they mean for housing affordability.