2. HOUSING STUDY – KELCE COLLEGE OF BUSINESS RGR/HSGR ratio = Difficult regulatory environment and rigid local housing markets have a significant impact on the overall economic performance of micropolitan areas in the 1990-2000 period. City ACity B Micropolitan511 Micros Cities with Flexible Housing Markets Cities with Inlexible Housing Markets Areas Avg Rent 90-00 54.00%49.00%58.40% Pop 90-00 9.20%15.20%3.90% Empl 90-00 21.50%25.70%17.70% Wages 90-00 39.90%42.00%38.10%

3. Findings Difficult regulatory environment and rigid local housing markets have a significant impact on the overall economic performance of micropolitan areas in the 2000-2010 period. Micropolitan511 Micros Cities with Flexible Housing Markets Cities with Inflexible Housing Markets AreasAvg Pop 00-105.7%10.1%1.3% Empl 00-10-4.7%-1.9%-7.4% Wages 00-1031.7%32.2%31.3%

4. Source: Bureau of the Census

5. 58.30% 63.90% 66.40% 65.40%

6. 11.70% 11.80% 11.60% 10.90% Source: Bureau of the Census

7. Source: Demographics Now, Woods & Poole, and Bureau of Labor Statistics

8. Source: Jones Heritage Realtors

28. Conclusion: The state of housing markets are very important in economic growth The city would benefit from a more flexible housing market