House price growth during national boom and bust cycles varies greatly across different urban areas in the US. For example, during the housing boom of 2000-2007, real house…
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…
BABC 04-12: Credit scoring has helped to produce a robust credit environment and increase access to homeownership for millions of consumers. This paper examines the role…