produce a constant quality land price index for that city. Real, constant quality land values have increased by nearly 800 …"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 …

"Between 1996 and 2006, real housing prices rose by 53 percent according to the Federal Housing Finance Agency price … index. One explanation of this boom is that it was caused by easy credit in the form of low real interest rates, high loan …-to-value levels and permissive mortgage approvals. We revisit the standard user cost model of housing prices and conclude that the …