After the collapse of housing markets during the Great Depression, the U.S. government played a large role in shaping … the future of housing finance and policy. Soon thereafter, housing markets witnessed the largest boom in recent history …. The objective in this paper is to quantify the contribution of government interventions in housing markets in the …

nearby housing prices. In this study we use over one million housing transactions located near 159 Walmarts that opened … between 2000 and 2006 to test if the opening of a Walmart does indeed lower housing prices. Using a difference …-in-differences specification, our estimates suggest that a new Walmart store actually increases housing prices by between 2 and 3 percent for …

undersupply are second order. This paper presents an empirical methodology for estimating the degree of misallocation of housing …

personal income growth is low or declining, and in regions with lower elasticity of housing supply. …

for housing is derived from a lifecycle problem with credit market frictions. Equilibrium house prices adjust to assign …

-sales prices reflect time-varying illiquidity in neighborhood housing markets. At a more local level, however, we find that …

allow households to select the optimal LTV and mortgage type (adjustable or fixed-rate with Federal Housing Administration …