Housing and the financial crisis / edited by Edward L. Glaeser and Todd Sinai.

Format:

Book

Contributor:

Glaeser, Edward L. (Edward Ludwig), 1967-

Sinai, Todd M. (Todd Michael)

Series:

National Bureau of Economic Research Conference Report

National Bureau of Economic Research conference report

Language:

English

Subjects (All):

Housing--United States--Finance--Congresses.

Housing.

Financial crises--United States--History--21st century--Congresses.

Financial crises.

Global Financial Crisis, 2008-2009--Congresses.

Global Financial Crisis, 2008-2009.

Physical Description:

1 online resource (443 p.)

Place of Publication:

Chicago ; London : University of Chicago Press, 2013.

Language Note:

English

Summary:

Conventional wisdom held that housing prices couldn't fall. But the spectacular boom and bust of the housing market during the first decade of the twenty-first century and millions of foreclosed homeowners have made it clear that housing is no different from any other asset in its ability to climb and crash. Housing and the Financial Crisis looks at what happened to prices and construction both during and after the housing boom in different parts of the American housing market, accounting for why certain areas experienced less volatility than others. It then examines the causes of the boom and bust, including the availability of credit, the perceived risk reduction due to the securitization of mortgages, and the increase in lending from foreign sources. Finally, it examines a range of policies that might address some of the sources of recent instability.

Contents:

Frontmatter

Relation of the Directors to the Work and Publications of the National Bureau of Economic Research

Contents

Preface

Postmortem for a Housing Crash

1. House Price Moments in Boom- Bust Cycles

2. The Supply Side of the Housing Boom and Bust of the 2000s

3. A Spatial Look at Housing Boom and Bust Cycles

4. Mortgage Financing in the Housing Boom and Bust

5. A New Look at Second Liens

6. International Capital Flows and House Prices

7. Can Cheap Credit Explain the Housing Boom?

8. The Future of the Government- Sponsored Enterprises

Contributors

Author Index

Subject Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 24. Apr 2020)

ISBN:

9780226030616

022603061X

OCLC:

854977585