Housing and the Financial Crisis
By:Edward L. Glaeser,Todd Sinai
Published on 2013-08-19 by University of Chicago Press
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. Housing and the Financial Crisis 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 availability of credit, the perceived risk reduction due to the securitization of mortgages, and the increase in lending from foreign sources. Finally, it examines a range of policies that might address some of the sources of recent instability.
This Book was ranked at 24 by Google Books for keyword Mortgage.
Book ID of Housing and the Financial Crisis's Books is MW8zAAAAQBAJ, Book which was written byEdward L. Glaeser,Todd Sinaihave ETAG "mPEB0ovEopA"
Book which was published by University of Chicago Press since 2013-08-19 have ISBNs, ISBN 13 Code is 9780226030616 and ISBN 10 Code is 022603061X
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