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Housing and the Financial Crisis$
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Edward L. Glaeser and Todd Sinai

Print publication date: 2013

Print ISBN-13: 9780226030586

Published to Chicago Scholarship Online: January 2014

DOI: 10.7208/chicago/9780226030616.001.0001

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Postmortem for a Housing Crash

Postmortem for a Housing Crash

Chapter:
(p.1) Postmortem for a Housing Crash
Source:
Housing and the Financial Crisis
Author(s):

Edward L. Glaeser

Todd Sinai

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226030616.003.0001

This chapter begins with a brief review of how America's housing market crash damaged received wisdom about housing markets and housing policy as well as the portfolios of households and financial institutions. This is followed by an overview of the subsequent chapters. It then discusses what actually happened to prices and construction during and after the housing boom; the causes of the boom and how changes in credit conditions play a dominant role in the search for causes; and the future of housing policy.

Keywords:   housing market, housing policy, housing prices, market crash

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