Why do national trends in house prices spread more to some cities than to others? This paper proposes an explanation of house price contagion based on migration spillovers…
RR07-14: This paper seeks to examine the nature of that resistance, the reasons behind it, and how it can be overcome. In general, people who support multifamily rental…
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…