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…
HBTL-04: The purposes of this paper are, first, to present a conceptual model of how the housing crisis and ensuing recession might impact both interest in and the…
William Rohe, Shannon Van Zandt, George McCarthy
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October 12, 2001
Interest in homeownership among Americans has been justified by claims that it confers benefits both to individuals and to the society as a whole, including good citizens,…