This paper reviews trends in housing affordability in the US over the past four decades.
There is little evidence that owner-occupied housing has become less affordable. In …

How do climate risk beliefs affect coastal housing markets? This paper provides theoretical
and empirical evidence. First, we build a dynamic housing market model and show that …

This article examines how land use planning and regulation may affect regional economic
prosperity by reviewing relevant literature. It identifies a set of complex causal links between …

A wide array of local government regulations influences the amount, location, and shape of
residential development. In this chapter, we review the literature on the causes and effects of …

This paper synthesises the state of knowledge on the economic effects of density. We
consider 347 estimates of density elasticities of a broad range of outcomes ranging from …

A common practice in applied economics research consists of replacing a suspected
simultaneously determined explanatory variable with its lagged value. This note …

We test the theoretical prediction that house prices respond more strongly to changes in
local earnings in places with tight supply constraints using a unique panel dataset of 353 …

What is the impact of real estate prices on corporate investment? In the presence of
financing frictions, firms use pledgeable assets as collateral to finance new projects …

Housing affordability has been decreasing worldwide, particularly in the advanced
economies, in recent decades. A fast-growing body of literature on housing affordability …

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 …