finds that the housing bust associated with the Great Recession did not lead any major market that previously was highly …

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 …

political process, the influence of historical density, and the fiscal and exclusionary motives for zoning. As for the effects … of regulation, most studies have found substantial effects on the housing market. In particular, regulation appears to … raise house prices, reduce construction, reduce the elasticity of housing supply, and alter urban form. Other research has …

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 …

In Manhattan and elsewhere, housing prices have soared over the 1990s. Rising incomes, lower interest rates, and other … hypothesis that regulation is constraining the supply of housing so that increased demand leads to much higher prices, not many … more units, in a number of other high price housing markets across the country …

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 …

During the 1960s and 1970s, the U.S. government closely regulated the single-family housing finance system. The … deposit rates ceilings. All were removed in the 1980s, and, not surprisingly, the housing finance system changed markedly … mortgage market with capital markets generally, one would expect that the U.S. housing sector is now less sensitive to rising …