This chapter surveys the literature on housing in macroeconomics. We first collect facts on
house prices and quantities in both the time series and the cross section of households and …

This paper studies whether house prices reflect belief differences about climate change. We
show that in an equilibrium model of housing choice in which agents derive utility from …

The cost of housing has posed a growing weight on household budgets over the past
halfcentury. As shown in Figure 1, whereas only about one quarter of renter households …

This paper documents and explains the striking rise in the college share near city centers
since 2000. We show that this urban revival is driven by younger college graduates in larger …

Rising home values also raise the cost of living, offsetting their impact on consumption.
However, additional home equity collateral can loosen borrowing constraints, increasing …

We provide new time-varying estimates of the housing wealth effect back to the 1980s. We
use three identification strategies: ordinary least squares with a rich set of controls, the Saiz …

We study how the recent national housing boom and bust affected college enrollment and
attainment during the 2000s. We exploit cross-city variation in local housing booms, and use …

The role of real estate during the global financial and economic crisis has prompted efforts to
better incorporate housing and financial channels into macro models, improve housing …

We introduce the first publicly available data set of constant‐quality house price indices for
counties, ZIP codes and census tracts in the United States, at an annual frequency, over a …

We investigate the effect of house prices on household borrowing using administrative
mortgage data from the United Kingdom and a new empirical approach. The data contain …