The Slow Growth Effect
February 1, 2001
Land-use restrictions don’t have to be as dramatic as the urban growth boundary in Portland, Ore., for home prices to spike upward, research shows. Consider these factoids from Smart Growth: A Resource for REALTORS®, published in late 2000 by NAR:
- Home prices in Petaluma, Calif., increased 10 percent more than in comparable communities after it imposed growth controls in the 1970s.
- Cities in the San Francisco Bay Area that imposed growth controls in the 1980s experienced home price increases 38 percent higher than those in comparable communities over the same time period.
- In Southern California, the proportion of the population that is African American declined 10 percent for each restrictive growth policy that local governments implemented.
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Updated: September 30, 2022