This article argues that the explosion of mortgage finance has not led to a proportional expansion of housing supply … across 17 countries in a historical perspective (1913–2016). Based on a collection of housing construction data, it shows … that the co-cyclical behavior of construction, prices and mortgage credit has been followed by a decoupling of house …

with search in the housing market and defaultable long-term mortgages. In equilibrium, both sellers' asking prices and time …-to-sell increase with the relative size of their outstanding mortgages. In turn, the liquidity of the housing market associated with … time-to-sell determines the mortgage standards of competitive lenders, measured by the maximum loan-to-value (LTV) ratio …

market since the 1980s, has had implications for the Dutch housing market. In this paper we introduce a new method to …It is widely perceived that the supply of mortgages, especially since the extensive liberalization of the mortgage …) introduction of new mortgage products, (5) reduced transaction costs and asymmetric information with innovations of IT, telephony …