This chapter surveys the literature on housing in macroeconomics. We first collect facts on
house prices and quantities in both the time series and the cross section of households and …

This article reviews the literature on sparse high-dimensional models and discusses some
applications in economics and finance. Recent developments in theory, methods, and …

Chinese housing prices rose by over 10 percent per year in real terms between 2003 and
2014 and are now between two and ten times higher than the construction cost of …

We investigate wealth returns on an administrative panel containing the disaggregated
balance sheets of Swedish residents. The expected return on household net wealth is …

The remarkable boom and bust of America's housing markets during the first decade of the
twenty-first century now joins the stock market gyrations of the 1920s and the dot-com …

The hedonic property-value model has been refined over more than forty years to become
one of the premier approaches to valuing environmental amenities. This article presents …

We exploit variation in mortgage modifications to disentangle the impact of reducing long-
term obligations with no change in short-term payments (“wealth”), and reducing short-term …

What is the impact of real estate prices on corporate investment? In the presence of
financing frictions, firms use pledgeable assets as collateral to finance new projects …

An exogenous expansion in mortgage credit has significant effects on house prices. This
finding is established using US branching deregulations between 1994 and 2005 as …

The role of real estate during the global financial and economic crisis has prompted efforts to
better incorporate housing and financial channels into macro models, improve housing …