Why Housing?

Asset bubbles come and go. Only the housing bubble, however, brought the economy to its knees. Why? What makes housing uniquely a cause of macroeconomic risk? This article examines the workings of the housing market as well as theories and empirical evidence about the housing bubble. It explains why housing is a particular source of macroeconomic risk and how changes in the housing finance channel were the critical element in the formation of the bubble

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Year of publication:	2013
Authors:	Levitin, Adam J.
Other Persons:	Wachter, Susan M. (contributor)
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Wohnungsmarkt \| Housing market \| Immobilienpreis \| Real estate price

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Extent:	1 Online-Ressource (24 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Housing Policy Debate, Vol. 23, pp. 5-27 (2013) Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 14, 2013 erstellt
Other identifiers:	10.2139/ssrn.2114620 [DOI]
Classification:	E32 - Business Fluctuations; Cycles ; E44 - Financial Markets and the Macroeconomy ; G21 - Banks; Other Depository Institutions; Mortgages ; R31 - Housing Supply and Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013090586