Housing markets experience substantial price volatility, short-term price change momentum, and mean reversion of prices … bubble. In this chapter, we review the stylized facts of housing bubbles and discuss theories that can potentially explain … housing market, such as intensive search and short-selling constraints, to explain the stylized facts. Cheap credit provides a …

This paper investigates the US housing market from just before the Great Recession onward (2006-19) and assesses the … from the housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can …, indicating the importance of stock-flow matching for understanding housing market dynamics. …

Until recently, the literature ignored the interactions between housing and macroeconomics. Thanks to many researchers …' contributions, the macro-housing field is in development. This review complements previous research and highlights a few areas that … have made significant progress lately. They are the rental market and related issues, housing affordability, people …