Although the volatility of house prices is often ascribed to demand-side factors, constraints on housing supply have important and little-studied implications for housing dynamics. I illustrate the strong relationship in city-level data between the volatility of house prices and the regulation...

In this paper, a multiple transactions model with a panel data approach is used to estimate housing market indices. The multiple transactions model keeps the same features of the repeat transactions index model (i.e., tracking the price appreciation of same houses). However, the multiple...

The U.S. Department of Housing and Urban Development's (HUD's) Comprehensive Housing Affordability Strategy (CHAS) data provide vital information on housing affordability measures. This article presents potential uses of the CHAS data, as well as limitations of the data. Researchers should...