Sommer, Kamila; Sullivan, Paul; Verbrugge, Randal - In: Journal of Monetary Economics 60 (2013) 7, pp. 854-870
Using a dynamic equilibrium model of housing tenure choice with fully specified markets for homeownership and rental properties, and endogenous house prices and rents, this paper studies the effect of fundamentals on equilibrium house prices and rents. Lower interest rates, relaxed lending...
