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About Chris Salviati

Chris is a housing economist at Apartment List, where he conducts research on economic trends in the housing market. Chris previously worked as a research assistant at the Federal Reserve and an economic consultant, and has BA and MA degrees in economics from Boston University.

The Racial Divide in Homeownership

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The “American Dream” has long been tied up with the goal of owning a home, but the fruits of homeownership are not shared equally across demographic groups. Nationwide, 64.4 percent of white households are homeowners, compared to 54 percent of Asian households, 41.1 percent of Hispanic households, and just 32.7 percent of black households. These discrepancies hold true even when controlling for education and income, with black households at the worst disadvantage. We also compare gaps in homeownership rates by race across metros, and find that metros in the Northeast and Midwest have the worst disparity.

Apartment List Methodology Revamp: FAQs

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Apartment List is committed to making our rent estimates the best and most accurate available, and as part of our efforts toward that goal, we’ve made some changes to our methodology. These are the answers to frequently asked questions about Apartment List's new rent report methodology.

August 2017 Rent Report

Methodology Updates Apartment List is committed to making our rent estimates the best and most accurate available, and as part of our efforts toward that goal, we've recently made some changes to our methodology. Data from private listing sites, including our own, tends to skew towards luxury apartments, introducing sample bias.   In order to address these limitations, our estimates now start with reliable median rent statistics from the Census Bureau, which we then extrapolate forward to the current month using a growth rate calculated from our listing data. In calculating that growth rate, we use a same-unit analysis similar to Case-Shiller’s approach,

Housing Shortage: Where is the Undersupply of New Construction Worst?

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As America’s cities continue to grow and add jobs, it’s crucial that sufficient new housing is built to meet the demand created by that growth. Analyzing data on building permits and employment, Apartment List found that only 10 of the nation’s 50 largest metros have produced enough new housing to keep pace with job growth in recent years. We also find a strong correlation between the number of jobs per permit and rent growth from 2005 to 2015, showing that a failure to meet the demand for new housing drives rent increases.

July 2017 Rent Report

Methodology Updates Apartment List is committed to making our rent estimates the best and most accurate available, and as part of our efforts toward that goal, we've recently made some changes to our methodology. Data from private listing sites, including our own, tends to skew towards luxury apartments, introducing sample bias.  In order to address these limitations, our estimates now start with reliable median rent statistics from the Census Bureau, which we then extrapolate forward to the current month using a growth rate calculated from our listing data. In calculating that growth rate, we use a same-unit analysis similar to Case-Shiller’s approach,