displacement of municipal expenditure due to a federal grant. Third, the grants’ estimated effects on housing values are smaller …

. Third, the grants' estimated effects on housing values are generally smaller than the grants' costs …

Systemic risk must include the housing market, though economists have not generally focused on it. We begin … construction of an agent-based model of the housing market with individual data from Washington, DC. Twenty years of success with … that the housing boom and bust of 1997-2007 was due in large part to changes in leverage rather than interest rates …

The institutions for financing owner-occupied housing have not progressed as they should, and the financial innovation … homeowners. This paper lists a number of barriers to housing finance innovation, and in light of these barriers, the problems of … appreciation mortgages (SAMs), housing partnerships, and continuous workout mortgages (CWMs) …

that mortgage values and payments should be linked to housing prices and adjusted downward to prevent negative equity. We …

We re-examine the links between changes in housing wealth, financial wealth, and consumer spending. We extend a panel …, 1975 through 2012Q2. Using techniques reported previously, we impute the aggregate value of owner-occupied housing, the … and wealth. We find a statistically significant and rather large effect of housing wealth upon household consumption. This …