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Working Papers

Forced Sales and House Prices

Parag Pathak, John Campbell, Stefano Giglio • May 1, 2009

W09-4: This paper uses data on house transactions in the state of Massachusetts over the last 20 years to show that houses sold after foreclosure, or close in time to…
Research Notes

Subprime Lending and the Community Reinvestment Act

Kevin Park • November 1, 2008

There are many causes to the collapse of the housing market and the recent financial turmoil, but the contribution of the CRA appears marginal. While banks did engage in…
Working Papers

Emerging Cohort Trends in Housing Debt and Home Equity

George Masnick, Zhu Xiao Di, Eric Belsky • January 1, 2005

W05-1: Several roles that housing plays in the household economics of homeowners have begun to fundamentally change during the past decade. Cohorts approaching…
Research Notes

Second Homes: What, How Many, Where and Who

Zhu Xiao Di, Nancy McArdle, George Masnick • February 15, 2001

This paper addresses several basic questions regarding second homes: what is or should be counted as a second home; how many second homes exist in the United States; where…