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

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 …

using millions of newspaper real estate listings. Our findings revise several stylized facts about U.S. housing markets … about 20% from 1890 to 2006. There was also greater growth in real housing sales prices from 1965 to 1995 than is commonly … understood. Using these series we document several new facts about housing markets. The return to homeownership has varied …

According to ECB (2023) and European Systemic Risk Board (2022), Swedish owner-occupied housing (OOH) was overvalued by …The PTI ratio disregards mortgage rates and other housing costs and lacks scientific support. According to a large … housing literature, it is not the purchase price but the user cost that is the appropriate measure of the cost of living in …

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 …

Housing market transactions are a matter of public record and thus provide a rare opportunity to analyze the behavior …, performance, and strategies of individual investors. Using data for all housing transactions in the Los Angeles area from 1988 … investors increased sharply in the recent housing boom. These investors earned little more than the market rate of appreciation …

High and rising prices in Chinese housing markets have attracted global attention, as well as the interest of the … Chinese government and its regulators. Housing markets look very risky based on the stylized facts we document. Price …

. However, empirical work has not found a strong relationship between housing and portfolios. We identify two reasons for the … mortgages by using differences across housing markets in average house prices and housing supply elasticities as instruments … household were to spend 10% less on its house, holding fixed wealth. We conclude that housing has substantial impacts on …