An unsustainable weakening of credit standards induced a US mortgage and housing bubble whose consumption impact was … amplified by innovations altering the collateral role of housing. In countries with more stable credit standards, any … overshooting of construction and house prices owed more to traditional housing supply and demand factors. Housing collateral …

expectations of potential housing market participants to help assess the first type of overshooting.  Assessing the fragility or … prices, housing debt and consumption in countries such as Australia, the UK, the US, South Africa or France or understand …

the United States, housing collateral effects on consumption are absent. Given credit conditions, rising house prices … mostly explained by movements in incomes, housing supply, mortgage interest rates and credit conditions, suggesting that the …

the United States, housing collateral effects on consumption are absent. Given credit conditions, rising house prices … mostly explained by movements in incomes, housing supply, mortgage interest rates and credit conditions, suggesting that the …

costs suggests important non-linearities in house price dynamics. The paper also contains an explicit econometric treatment …

the commute/migrate trade-off, however, housing market forces should operate in the opposite direction, particularly for … portfolio demand and speculative volatility in the British housing market presented in Muellbauer and Murphy (1997), this paper …