This paper reviews the main themes in the empirical literature on housing supply and
outlines suggestions for future research. Much of the literature has focused on the …

This chapter reviews the evidence of predictability in US residential and commercial real
estate markets. First, we highlight the main methodologies used in the construction of real …

A model in which homebuyers make a modest approximation leads house prices to display
three features present in the data but usually missing from rational models: momentum at …

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 …

This paper compares a number of housing policies such as housing taxation, land use and
rental regulations and social housing policies for OECD countries relying on new data …

HOUSE PRICES have recently attracted unusual attention because for the first time in
decades large areas in the United States have experienced declining nominal house prices …

We propose a life-cycle model of the housing market with a property ladder and a credit
constraint. We focus on equilibria that replicate the facts that credit constraints delay some …

The responsiveness of housing supply to changes in prices bears important implications for
the evolution of housing prices and the speed of adjustment of housing markets. Based on a …

Why does evidence to date suggest that the market for stocks and bonds is fairly efficient, but
the market for housing may not be? One way to think about explaining how well the market …

Many reviews of housing economics (and most of the papers on the subject) have noted
that, relative to many other aspects of market behavior, housing supply is understudied …