The tradeoff between risk and return in equity markets is well established. This paper examines the existence of the same tradeoff in the single-family housing market. For home buyers, who constitute about two-thirds of U.S. households, the choice about how much housing and which house to buy is...

Communities in close proximity to areas of growing employment will experience greater upward housing demand shifts from job growth than more distant communities, but the housing market response will depend on the elasticity of supply, which is likely to differ cross communities. Using a data set...

The decline of a central city often has economic and social implications for an entire region. But where does the solution lie? Are regional approaches to problems concentrated in central cities warranted? Or should we seek local solutions by transforming cities into a group of smaller, more...