W01-7: This paper studies the response of the housing market to immigration shocks. I find a positive association between immigrant flows and changes in rents in the…
On September 28, the Federal Housing Finance Agency (FHFA), the regulator of Freddie Mac, Fannie Mae, and the Federal Home Loan Banks, reported its monthly index of house…
Rents across the US rose at an unprecedented pace in the second half of 2021, according to our new America’s Rental Housing 2022 report. As rental markets tightened and…
There are always surprising and interesting data points that emerge as we work on our reports, but America’s Rental Housing 2022 was stunning in the sheer number of record-…
Parag Pathak, John Campbell, Stefano Giglio
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May 1, 2009
W09-4: This paper uses data on house transactions in the state of Massachusetts over the last 20 years to show that houses sold after foreclosure, or close in time to…
W07-3: Despite many efforts to model house prices in the United States, reliably predicting when, and by how much, house prices will fall remains an elusive goal. Most…
W13-7: What is the incidence of housing vouchers? In a frictionless, price-taking equilibrium, increased generosity of a narrowly-targeted subsidy causes increases in…
The growth in high-income renters, the nation’s limited housing supply, and the tendency for new construction to be aimed at the top of the market have all contributed to the…
CAMBRIDGE, MA – After a record-shattering year in 2021, the housing market is at an inflection point. Higher interest rates have taken some heat out of the homebuying market…
UCC08-8: For centuries, legislated caps on loan interest rates (rate ceilings) have been advocated as a form of consumer protection in otherwise free market economies.…
