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 …

Boston's high housing costs reflect a historic failure to build enough units to satisfy demand. Interest rates and … construction costs have risen recently, and the flow of new market-rate residential housing projects has slowed. To spur more …

Like many other assets, housing prices are quite volatile relative to observable changes in fundamentals. If we are … 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 …

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 …

Like many other assets, housing prices are quite volatile relative to observable changes in fundamentals. If we are … 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 …

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 …

Between 2000 and 2006, the CaseShiller/Standard and Poor's Housing Price Index increased by 74 percent in real terms …, as America experienced a massive housing bubble. Moreover prices in some metropolitan areas grew even faster. Prices in … partially because of housing-related losses. What caused this great boom-bust cycle that tore through America's housing markets …

Conventional wisdom held that housing prices couldn’t fall. But the spectacular boom and bust of the housing market … during the first decade of the twenty-first century and millions of foreclosed homeowners have made it clear that housing is … no different from any other asset in its ability to climb and crash. Housing and the Financial Crisis looks at what …