In this essay, we review the basic economics of housing supply and the functioning of US housing markets to better …

landlords and renters lack commitment; a landlord evicts a delinquent tenant if they do not expect total future rent payments to … cover costs, while tenants cannot commit to paying more rent than they would be able or willing to pay given their outside … adverse shock. Finally, rent support can effectively eliminate evictions even without covering all missed rent and delivers …

, financial security, and mental health. We find that assistance increased rent payment modestly and improved mental health …

rent are strongly correlated with perceptions of house price risk. Households' exposure to housing risk due to financial … constraints, expected mobility or labor income risk affect the decision to buy versus rent but do not mitigate the impact of risk …

We study the joint evolution of prices and rents of residential property. After constructing rent and price indices for … rent, (2) changes in the relative prices of investor- and occupant-owned properties, and (3) changes in the price-rent …

going to understand boom-bust housing cycles, we must incorporate housing supply. In this paper, we present a simple model … of housing bubbles that predicts that places with more elastic housing supply have fewer and shorter bubbles, with … exclusively experienced in cities where housing supply is more inelastic. More elastic places had slightly larger increases in …

. The model predicts that a credit supply shock can generate large comovements between the house price and the price-to-rent …Aggregate housing demand shocks are an important source of house price fluctuations in the standard macroeconomic … to generate a highly volatile price-to-rent ratio that comoves with the house price observed in the data (the "price-rent …

of housing demand. Our model generalizes previous applied econometric work by incorporating realistic features of the … for capturing salient features of housing demand observed in the PSID. After estimating the model we use it to simulate …