What is the microelasticity of mortgage demand to interest rates? Despite the importance of this parameter for models of monetary policy efficacy, little is known about the…
Innovations in single-family home construction are badly needed. Studies show that every county in the U.S. is facing an affordable housing shortage. Homeownership is…
W05-4: This paper develops and applies a method for producing constant quality rent indexes and inflation estimates for different segments of the rental housing stock.…
W05-2: The property tax on housing is a major component of local government revenues and of consumers’ housing costs. This study uses newly available data from the 2001…
W04-7: Operating costs are an important, but not much studied component of apartment financial performance. This paper establishes an economic framework for interpreting…