Expectations about future housing prices are arguably an important determinant of actual housing prices, and an important input in decisions on whether and how

This study identifies a new determinant of household marginal propensities to consume (MPC): house-price growth expectations. We exploit a detailed and represen

Utilizing new survey data collected between 2009 and 2014, this paper analyzes American households' subjective expectations on future home values. We explore th

We introduce heterogeneous expectations in a standard housing market model linking housing rental levels to fundamental buying prices. Using quarterly data we e

Explains how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing o