Guess which city’s housing prices rose twice as fast as New York’s in the last 13 years?

This, from a new paper out of the Cleveland Fed, is what happens when your city's economy booms while most of the country slogs through two recessions:


Via the Federal Reserve Bank of Cleveland

P.S. D.C. residents: Feel free to forward this to any East Coast friends complaining about the soaring cost of brownstones in Park Slope.

 

 

Jim Tankersley is the editor of Storyline, where he explains complex public policies and illuminates their human impact.
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