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We invite submissions to the 2nd Annual PhD Conference on Real Estate and Housing, which takes place on May 17 – 18, 2018, in Columbus, OH. The purpose of the conference is to provide a platform for d...
Housing and Monetary Policy     Housing Monetary Policy         2015/8/3
Housing and Monetary Policy.
In our leading example, buyers affiliated with Stanford University have exclusive access to houses on campus.1 We begin by presenting evidence on house prices on and right around Stanford’s ...
This paper studies household beliefs during the recent US housing boom. The first part presents evidence from the Michigan Survey of Consumers. To characterize the heterogeneity in households’...
This paper considers a consumption-based asset pricing model where housing is explicitly modeled both as an asset and as a consumption good. Nonseparable preferences describe households’ concern wit...
The Housing Market(s) of San Diego     San Diego  Market       2015/7/23
This paper uses an assignment model to understand the cross section of house prices within a metro area. Moversí demand for housing is derived from a lifecycle problem with credit market frictions. ...
We study how a mortgage reform that exogenously increased access to credit had an impact on entrepreneurship, using individual-level micro data from Denmark. The reform allows us to disentangle the ro...
The Low Income Housing Tax Credit (LIHTC) represents a novel tax expenditure program that employs "investable" tax credits to spur production of low-income rental housing. While it has grown into the ...
We measure the capitalization of housing market externalities into residential housing values by studying the unanticipated elimination of stringent rent controls in Cambridge, Massachusetts, in 1995...
This paper develops a tractable model to analyze information aggregation and learning in housing markets. In the presence of informational frictions, households face a realistic problem in learning a...
This paper develops an analytical framework and an agent-based spatial model of the housing market. We show that lenient nancing, in particular, low down payment requirement has caused business cycle...
Conventional wisdom held that housing prices couldn’t fall. But the spectacular boom and bust of the housing market during the first decade of the twenty-first century and millions of foreclosed homeo...
Did the nuclear catastrophe at Fukushima in March 2011 cause individuals to reappraise the risks they attach to nuclear power plants? We investigate the change in housing prices in the U.S. after the...
Geographic diversification is fundamental to risk mitigation among investors and insurers of housing,mortgages,and mortgage-related derivatives.To characterize diversification potential, we provid...

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