With regard to the recent US house price cycle, we analyze how the interaction between housing supply restrictions … Statistical Areas, we estimate a simultaneous boom-bust system for house prices, housing supply and subprime lending. The model … accounts for regional differences in supply elasticities that are determined by local variations in topographical and …

results confirm that house prices are determined by numerous demand and supply factors, including income, demographics … housing supply to demand could also ease price pressures. …

The sensitivity of housing demand to mortgage rates and available leverage is key to understanding the effect of …

a structural approach to mortgage demand and supply, exploiting exogenous variation in house-price growth and a unique …We quantify the housing-consumption channel in mortgage demand according to which households borrow more following …

market access for first-time buyers under pressure. Housing affordability is also deteriorating for the poor, as demand for …

Housing policies in Japan after World War II were focused on the quantitative supply of houses with a wide range of …

the CRA, however, do not show any change in their mortgage supply between these two types of census tracts after 1998. I … take advantage of this exogenous shift in mortgage supply within an instrumental variable framework to identify the causal … effect of mortgage supply on housing prices. I find that every 1 percentage point higher annual growth rate of mortgage …

the CRA, however, do not show any change in their mortgage supply between these two types of census tracts after 1998. I … take advantage of this exogenous shift in mortgage supply within an instrumental variable framework to identify the causal … effect of mortgage supply on housing prices. I find that every 1 percentage point higher annual growth rate of mortgage …