This paper shows how different housing submarkets are linked by residential vacancy chains – the series of moves across housing units initiated by the construction of new…
W01-10: The multifamily mortgage market has changed dramatically over the last two decades. The relative importance of the thrifts—once the major source of financing for…
W01-7: This paper studies the response of the housing market to immigration shocks. I find a positive association between immigrant flows and changes in rents in the…