Coleman IV, Major; LaCour-Little, Michael; Vandell, Kerry D. - In: Journal of Housing Economics 17 (2008) 4, pp. 272-290
ABSTRACT The cause of the "housing bubble" associated with the sharp rise and then drop in home prices over the period 1998-2008 has been the focus of significant policy and research attention. The dramatic increase in subprime lending during this period has been broadly blamed for these market...