This chapter examines certain of the developments in the application of economic theory and in empirical and policy analysis with respect to housing markets in general and urban housing markets in particular. The majority of the material refers to US and UK experience with some English language...

This study examines short-, medium-, and long-run price expectations in housing markets. We derive and test six hypothesis about the incidence, formation, and relevance of price expectations. To do so, we use data from a tailored household survey, past sale and rental offerings, satellites, and...