determines when the land premium paid by a developer is substantially higher than the market value, whether and how this "paper … loss" will affect the pricing of the housing products and development time of the project in future development. We use a … pattern in housing markets. …

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 …