We examine the link between increases in housing wealth, financial wealth, and consumer
spending. We rely upon a panel of 14 countries observed annually for various periods during …

Tests of weak-form efficiency of the market for single family homes are performed using data
on repeat sales prices of 39,210 individual homes, each for two sales dates. Tests were …

The paper uses quarterly indexes of existing single‐family home prices estimated with
microdata on properties that sold more than once to estimate excess returns to investment in …

Questionnaire surveys undertaken in 1988 and annually from 2003 through 2014 of recent
homebuyers in each of four US metropolitan areas shed light on their expectations and …

THE POPULAR PRESS is full of speculation that the United States, as well as other
countries, is in a “housing bubble” that is about to burst. Barrons, Money magazine, and The …

We re-examine the link between changes in housing wealth, financial wealth, and consumer
spending. We extend a panel of US states observed quarterly during the seventeen-year …

This paper uses data on nearly a million homes sold in four metropolitan areas -- Atlanta,
Chicago, Dallas and San Francisco -- to construct quarterly indexes of existing home prices …

… In a 1986 article in this Review, Case sought to explainthe Boston experience using data
on … Case then put forward a conjecturethat the boom was essentially driven by expectations. …

This paper analyzes the pattern of house price appreciation in the Boston area from 1982 to
1994. The empirical results are consistent with the predictions of a standard urban model in …

IN JULY 1987 MASSACHUSETTS governor Michael Dukakis began his run for the
presidency in the midst of what was being called the Massachusetts Miracle, with employment …