This chapter reviews the evidence of predictability in US residential and commercial real
estate markets. First, we highlight the main methodologies used in the construction of real …

We study the impact of widespread adoption of work-from-home (WFH) technology using an
equilibrium model where people choose where to live, how to allocate their time between …

From the field's leading authority, the most authoritative and comprehensive advanced-level
textbook on asset pricing In Financial Decisions and Markets, John Campbell, one of the …

A new recursive regression methodology is introduced to analyze the bubble characteristics
of various financial time series during the subprime crisis. The methods modify a technique …

How much of the foreclosure crisis can be explained by the large number of high-leverage
mortgages originated during the housing boom? In our model, heterogeneous households …

New evidence from the 1980, 1990, and 2000 Decennial Census of Housing indicates that
expenditure shares on housing are constant over time and across US metropolitan statistical …

We apply the dynamic Gordon growth model to the housing market in 23 US metropolitan
areas, the four Census regions, and the nation from 1975 to 2007. The model allows the rent …

This paper studies the impact of the mortgage interest tax deduction on equilibrium house
prices, rents, homeownership, and welfare. We build a dynamic model of the housing market …

In this chapter, we review and discuss the large body of research that has developed over
the past 10-plus years that explores the interconnection of macroeconomics, finance, and …

This paper is a quantitatively oriented theoretical study into the interaction between housing
prices, aggregate production, and household behavior over a lifetime. We develop a life …