A general equilibrium model, that incorporates endogenous production and local housing markets, is developed in order … to explain the price relationship among human capital, housing, and stocks, and to uncover the role of housing in asset … pricing. Housing serves as an asset as well as a durable consumption good. It is shown that housing market conditions …

This paper studies the role of the Federal Reserve’s policy in the recent boom and bustof the housing market, and in …,its contribution to the recent housing cycle was negligible. We also show that a morerestrictive policy would have smoothed the cycle …

indicate that households allocate most of their wealth to housing. Our results suggest that actual allocations are suboptimal … and that significant gains can be obtained with a higher degree of diversification. In particular, we find that housing … plays a positive role in efficient portfolio allocation when the housing to net wealth ratio is less than 1.5, but when the …

cohorts, the younger 1970 cohort exhibited very different patterns of housing including a slower progression out of the … parental home and into stable tenure, and an increased reliance on privately rented housing. Returns to the parental home … experienced social housing, and did so at a later age, social housing was also associated with greater tenure immobility in this …

We examine the relationship between housing equity and wage earnings using nine waves of the national American Housing …

Review of the book titled 'Rethinking Housing Bubbles The Role of Household and Bank Balance Sheets in Modeling …

In this paper statistical techniques are used to analyze housing submarkets in Sydney and Malbourne, Australia. …