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Housing and the Financial Crisis

Edward L. Glaeser and Todd Sinai


Conventional wisdom held that housing prices couldn't fall. But the spectacular boom and bust of the housing market during the first decade of the twenty-first century and millions of foreclosed homeowners have made it clear that housing is no different from any other asset in its ability to climb and crash. This book looks at what happened to prices and construction both during and after the housing boom in different parts of the American housing market, accounting for why certain areas experienced less volatility than others. It then examines the causes of the boom and bust, including the av ... More

Keywords: housing prices, housing market, homeowners, housing boom, bust, credit, risk reduction, securitization

Bibliographic Information

Print publication date: 2013 Print ISBN-13: 9780226030586
Published to Chicago Scholarship Online: January 2014 DOI:10.7208/chicago/9780226030616.001.0001


Affiliations are at time of print publication.

Edward L. Glaeser, author

Todd Sinai, author

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