Piazzesi, M.; Schneider, M. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 1547-1640). 2016
This chapter surveys the literature on housing in macroeconomics. We first collect facts on house prices and quantities in both the time series and the cross section of households and housing markets. We then present a theoretical model of frictional housing markets with heterogeneous agents...