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…
W04-13: Over the past 50 years, housing expenditures have accounted for more than one fifth of the nation’s gross domestic product. But housing’s influence on the…
W00-1: Once upon a time the location of towns and cities, at least superficially, seemed to be largely determined by the preferences of kings, princes, bishops, generals…