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Housing and Mortgage Markets in Historical Perspective - Chicago Scholarship Online
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Housing and Mortgage Markets in Historical Perspective

Eugene N. White, Kenneth Snowden, and Price Fishback


The central role played by housing in the “Great Recession” of 2007 leads to this question: “What was different this time?” This book is designed to bring historical perspective to the answers to this question. This volume begins with a brief account of the development of the housing and mortgage markets in the U.S. during the first half of the twentieth century and a historiography of the extraordinary burst of scholarship that analysed it. This important research was conducted under the auspices of the NBER between 1935 and 1960 and shaped both post-depression institutions and views of polic ... More

Keywords: housing booms and busts, financial crises, home ownership, foreclosures, Great Depression, Great Recession, securitization of mortgages

Bibliographic Information

Print publication date: 2014 Print ISBN-13: 9780226073842
Published to Chicago Scholarship Online: January 2015 DOI:10.7208/chicago/9780226093284.001.0001


Affiliations are at time of print publication.

Eugene N. White, editor

Kenneth Snowden, editor

Price Fishback, editor

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Kenneth Snowden, Eugene N. White, and Price Fishback

I Housing and the Interwar Business Cycles

II A Closer Look at the Interwar Housing Crisis

III Securitization in Earlier Times

8 Dutch Securities for American Land Speculation in the Late Eighteenth Century

Rik Frehen, William N. Goetzmann, and K. Geert Rouwenhorst

9 Lending to Lemons

Kirsten Wandschneider

IV Postwar Housing Policies

11 Did Housing Policies Cause the Postwar Boom in Home Ownership?

Matthew Chambers,Carlos Garriga, and Don E. Schlagenhauf