In the wake of the foreclosure crisis, investors purchased large numbers of single-family
residential properties and converted them to rentals. Activists and scholars have …

US house prices fell nearly 30% between 2006 and 2012. Meanwhile, homeownership rates
declined as mortgage credit supply tightened and investors bought up properties. Although …

Ten years after the mortgage crisis, the US housing market has rebounded significantly with
house prices now near the peak achieved during the boom. Homeownership rates, on the …

I study the role of investors in stabilizing housing markets during the Great Housing Bust.
Using transaction-level housing data, I distinguish between two types of investors that were …

We study the house price recovery in the US single-family residential housing market since
the outbreak of the mortgage crisis, which, in contrast to the preceding housing boom, was …

Given the importance of housing affordability to one's social class standing, one's ability to
afford decent, secure housing is not only important on an individual level, but impacts …

We examine the impact of house purchases by large buy-to-rent investors on the value of
nearby properties. Returns on repeat sales of properties within a quarter mile of houses …

Residential quality improvements explain a large fraction of recent rent growth, and financial
intermediaries have contributed to this effect by reallocating financing to improvement …

In the United States, the term 'private rental housing'is seldom, if ever, used. This is because
most rented housing in the United States–unlike the UK and other European countries–is …

In this Thesis, I study the role that the housing market plays in the macroeconomy by
drawing lessons from the mid-2000s housing boom and bust. I first study the effect of …