The increasing rates of unaffordability cases and subsequent housing abandonment recorded in the public and private housing units provided for the average and vulnerable members of society have been linked not just to financial problems but also sustainability issues. Sustainable affordable...

Conventional wisdom held that housing prices couldn’t fall. But the spectacular boom and bust of the housing market during the first decade of the twenty-first century and millions of foreclosed homeowners have made it clear that housing is no different from any other asset in its ability to...

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...

Contents; Preface; Postmortem for a Housing Crash / Edward L. Glaeser and Todd Sinai; 1. House Price Moments in Boom-Bust Cycles / Todd Sinai; 2. The Supply Side of the Housing Boom and Bust of the 2000s / Andrew Haughwout, Richard W. Peach, John Sporn, and Joseph Tracy; 3. A Spatial Look at Housing...