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Conference Paper
How the commercial real estate boom undid the banks
Journal Article
The market for single-family homes in the Boston area
Briefing
The changing housing market: a bang or a whimper?
The U.S. housing market has had an extraordinary 15-year run in terms of prices, sales of existing homes, and new construction, especially on the East and West Coasts. Beginning in the spring of 2006, however, the housing market began to turn distinctly downward. We know that 2005 was a good year and that 2006 has not been such a good year, and we see indications that 2007 could be tough. To help understand why the market has shifted from hot to, at a minimum, cool, this paper, which is the first in a series of NEPPC policy briefs on housing, recaps some of the factors that contributed to ...
Journal Article
Geographic patterns of mortgage lending in Boston, 1982-1987
Journal Article
Chasing good schools in Massachusetts
Journal Article
A decade of boom and bust in the prices of single-family homes: Boston and Los Angeles, 1983 to 1993
The 1980s and 1990s have been turbulent times in the U.S. market for single-family homes. For most of the previous two decades, housing prices across states and metropolitan areas moved together and increased slowly in real terms while regional differences generally remained small. The 1980s and 1990s, in contrast, have seen increased price volatility and sharp differences in price behavior across regions with substantial housing price booms in some regions and major price declines in others. ; These boom-bust cycles had serious consequences for regional economies and national mortgage ...
Journal Article
The real estate cycle and the economy: consequences of the Massachusetts boom of 1984-87
The economy of Massachusetts is in a deep recession. What makes the downturn all the more painful is that it comes on the heels of a period of unprecedented prosperity. What happened? How could a state go from having the lowest unemployment rate in the United States to having the second highest in the space of less than four years? ; Some claim that the current recession is a natural and inevitable downturn after a prolonged expansion and that the region soon will return to a reasonable growth path. Others claim that the state is likely to experience a prolonged period of decline. The thesis ...
Journal Article
Home price appreciation in low- and moderate-income markets
Do homes in low- and moderate- income areas of a city appreciate like homes in high income areas? Do owners of those lower-priced homes accumulate as much equity as owners of higher-priced homes? Karl Case and Maryna Marynchenko share their results, some of which are quite surprising.