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Why do storefronts remain empty for more than a year in some of the world’s highest-rent retail districts? Landlords with vacancies derive option value from two sources of…

In recent years, digitalization has reshaped the housing search. Today, online platforms facilitate housing market information exchange and expand the legibility of the…

Digitalization is transforming the mortgage market at every stage of the value chain. In this paper, we examine the potential for the mortgage industry to leverage…

Digitalization is promising to expand opportunities for traditionally disadvantaged individuals and communities in the housing market. Digital platforms, such as Zillow and…

It is my pleasure to comment on two very interesting papers. While very different in orientation—with the Boeing, Harten and Sanchez-Moyano (2022) paper addressing the search…

Dr. Herbert was honored to testify in a Senate Banking, Housing, and Urban Affairs hearing, "The State of Housing 2023." In his testimony, he highlighted the nation’s…

Using restricted-access data from the US Census Bureau’s Household Pulse Survey containing detailed geographic information about where respondents live, this paper assesses…

The 2021 Infrastructure Investment and Jobs Act (IIJA) is the largest single investment in the United States' public works in decades. Over the next five years, it will fund…

Over the past decade, US social relations have undergone reorganization associated with the rise of algorithms and digital platforms. This research specifically responds to…

The process of buying and selling houses is complex and uncertain, with many opportunities in the market for improvement. Smart entrepreneurs and innovative companies around…