This paper provides new estimates of the housing stock, construction rates and price developments by city tier in China … construction. We argue that China overall faces imbalances between supply and demand for housing stock, but the problem is … China's GDP and its housing stock …

agents have a lower probability of selling, and this effect is strongest during the housing bust. We then study the aggregate … implications of the distribution of agents' experience on housing market liquidity by building a dynamic entry and exit model of …

zoning tax estimates are strongly positively correlated with a new measure of local housing market supply constraint (the … American housing markets. Using micro data on vacant land purchased to develop single family housing, we implement a new … empirical strategy for estimating so-called 'zoning taxes' - the amount by which land prices are bid up due to supply side …

zoning and other land use controls, play the dominant role in making housing expensive …Does America face an affordable housing crisis and, if so, why? This paper argues that in much of America the price of … housing is quite close to the marginal, physical costs of new construction. The price of housing is significantly higher than …

foreign demand affects U.S. housing markets, and uses this demand shock to estimate local price elasticities of supply. Other … countries introduced foreign-buyer taxes meant to deter Chinese housing investment beginning in 2011. We first show house prices … reversing with the onset of the U.S.-China trade war. Second, we use international tax policy changes as a U.S. housing demand …

The key stylized facts of the housing market are positive serial correlation of price changes at one year frequencies … levels within markets. We calibrate a dynamic model of housing in the spatial equilibrium tradition of Rosen and Roback to … correlation in annual house price changes and the high volatility of prices in coastal markets are the two biggest housing market …

This paper measures the housing market impact of state-level anti-discrimination laws in the 1960s using household …-level and census-tract data. State-level fair-housing' laws attempted to bar discrimination on the basis of race, religion, and … national origin in the sale, rental, and financing of housing, and they were the direct antecedents of the federal Fair Housing …

We review the recent literature on the determinants and effects of housing market expectations. We begin by providing … an overview of existing surveys that elicit housing market expectations, and discuss how those surveys may be expanded in … the future. We then document a number of facts about time-series and cross-sectional patterns of housing market …

This paper uses a structural model to show that foreclosures played a crucial role in exacerbating the recent housing …