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Housing markets experience substantial price volatility, short-term price change momentum, and mean reversion of prices … bubble. In this chapter, 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 …
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A radical rethinking of housing policy is needed to allow housing markets to operate freely--and to make housing …
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A radical rethinking of housing policy is needed to allow housing markets to operate freely--and to make housing …
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