predicts, and few economists have tried to dispute, that imposing rent controls on a housing market is likely to lead to rental … housing shortages and general deterioration of quality. Even on income distribution grounds, rent control receives poor …

consistent with externalities that fall exponentially with distance. In particular, we estimate that housing externalities …

Microeconomic theory predicts that rent controls will lead to greater housing quality deterioration than would have …

demand for housing, it is shown that on a balanced growth path, the rate at which the relative price of housing changes over … time is determined by the relative productivity growth rates of the housing sector and the rest of the economy. The model … of the housing price path, but they do not affect the growth rate of housing prices. …

perceived that the Paulson Plan would improve conditions in subprime housing markets. Specifically, those investors who held the … riskiest securities backed by subprime residential housing benefited the most from the Paulson Plan. These findings do not … continued deterioration in housing markets. ; WP 10-06 replaces an earlier version listed as WP 09-7 …

mortgage loans for twenty counties in Florida, over the period 2001 through 2008, third quarter, with housing price performance …. This connection illustrates a familiar moral hazard in the housing market due to the limited information about future …

as higher credit scores, but may also have weaker incentives to maintain mortgage payments when housing values fall …. During the recent housing boom, the share of mortgage borrowing by non-occupant owners was relatively high in states where … home values appreciated relatively rapidly. After the housing boom, foreclosures on non-occupant mortgages in several …