In the wake of the housing market crash in the United States in the late 2000s, images of abandoned homes on the urban periphery of American cities dominated international media coverage. This narrative of peri-urban over-extension was used by media documenting the housing crisis in Mexico,...

Experiences reveal that the monitoring costs of the foreclosure crisis may be nontrivial, and smaller governments may have more success at addressing potential negative externalities. One highly localized form of government is a homeowners association (HOA). HOAs could be well-suited for...

Most United States MSAs saw their house prices plummet during the recent Great Recession. While many are only beginning to pull away from their lowest house prices in recent history, other MSAs are already well on their way to house price recovery. We believe that one attribute which separates...

Faced with decreasing funds, increasing costs, and the inability to recruit and retain quality teachers, a growing number of school districts across the United States are switching to four-day school weeks. Because the four-day school week has historically been relegated to rural communities, no...

We employ two methodologies in order to identify groupings of cities and to analyse the factors which drive convergence in residential prices across Polish prime markets over the period 2007-2018. The Phillips and Sul (2007) methodology is first used to identify convergence in primary...

This study explores the extent to which local amenities (quality of life and trade-productivity) are related to house price volatility, returns, and risk-adjusted returns across 238 MSAs from 1975 to 2013. We find strong and unambiguous evidence that high amenity areas experience greater price...

We use a quantitative spatial equilibrium model to evaluate the distributional and welfare impacts of a recent temporary rent control policy in Berlin, Germany. We calibrate the model to key features of Berlin’s housing market, in particular the recent gentrification of inner city locations....

Since 2010, particularly in urban agglomerations, the German housing market has experienced stark house price and rent increases. Immigration from rural and smaller settlements as well as international migration into German urban areas, has fuelled an increase in housing demand and led to severe...

In this chapter, we review and discuss the large body of research that has developed over the past 10-plus years that explores the interconnection of macroeconomics, finance, and housing. We focus on three major topics—housing and the business cycle, housing and portfolio choice, and housing...