Designation of historic properties and historic districts is increasingly used as a means to revive central city neighborhoods and to promote urban economic development. While preservation activities are thought to generate positive externalities for surrounding neighborhoods, these external...

There are significant disparities in homeownership rates across the regions and states of the US. The causes of these disparities are determined within a standard probit model of the individual homeownership decision where the micro-level observations are aggregated to the regional level....

The homeownership rates of Hispanic and Asian-American households are significantly less than those of some other demographic groups in the U.S., especially after accounting for income and other characteristics. This naturally leads to an investigation of the impact of immigration...

There is a debate whether the federal funds rate deviated from the Taylor rule. We present evidence that standard inflation measures do not reflect the contemporaneous state of housing rents, which is a large part of consumption. Using a new housing rent index (RRI) developed by Ambrose et al....