attractiveness of property investments, and through this channel have large effects on her housing market activity. Our data combine … anonymized social network information from Facebook with housing transaction data and a survey. We first show that in the survey … these findings, we introduce a new methodology to document large effects of housing market expectations on individual …

.S. housing market, establishing that many novice investors entered the market as a direct result of observing investing activity …

sectors. This paper is about economic behaviors that anticipate technical progress, and how they may describe the housing … price and construction boom of 2000-2006 and the bust thereafter. Specifically, I note that only a minority of housing … mortgage and real estate industries have the potential to both move housing prices and non-residential consumption in the same …

Urban economists understand housing prices with a spatial equilibrium approach that assumes people must be indifferent … such as maintenance are also quite large. Furthermore, risk aversion and the high volatility of housing pries compromise … short-term attempts to arbitrage by delaying home buying. We conclude that housing cannot be understood with a narrowly …

This paper provides a search model for housing market where the number of buyers and/or sellers plays very important … the sale prices of the housing market; (2) a larger housing market has a lower average sale price, shorter time …-to-sale and smaller price dispersion, in addition to a lower vacancy rate. (3) In a larger housing market, when the unemployment …

This paper considers a consumption-based asset pricing model where housing is explicitly modeled both as an asset and … in the relative share of housing in their consumption basket. Since the housing share moves slowly, a concern with … predicts that the housing share can be used to forecast excess returns on stocks. We document that this indeed true in the data …

This paper studies expectations of capital appreciation in the housing market. We show that expectations impounded in … for cross-sectional differences in the quality of rental versus owner-occupied housing. We also demonstrate that observed …, we provide evidence consistent with euphoria: participants in housing markets appear to overreact to income growth …

This paper presents a simple model of trade in the housing market. The crucial feature is that a minimum downpayment is … prices and time-to-sale, as well as certain aspects of the cyclical behavior of housing starts …

How can mortgages be redesigned to reduce housing market volatility, consumption volatility, and default? How does … aggregate shocks, long-term mortgages, and an equilibrium housing market, focusing on designs that index payments to monetary …-loading alleviates household liquidity constraints in states where they are most binding, reducing default and stimulating housing demand …

Housing markets experience substantial price volatility, short term price change momentum and mean reversion of prices … bubble. In this paper, we review the stylized facts of housing bubbles and discuss theories that can potentially explain … housing market, such as intensive search and short selling constraints, to explain the stylized facts. Cheap credit provides a …