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Housing Policy in the Wake of the Crash

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  • Glaeser, Edward Ludwig

Abstract

In this article the author examines aspects of U.S. housing policy in the aftermath of the global financial crisis of 2008-09. The author notes that between the years 2000 and 2010 the U.S. housing market underwent extremes of prosperity and financial failure as home prices rose precipitously, and then fell following the financial crisis. A number of topics are addressed including fluctuations in the construction industry, the sharp increase in home prices in Las Vegas, Nevada, and Phoenix, Arizona, and the tax deduction for mortgage interest on homes.

Suggested Citation

  • Glaeser, Edward Ludwig, 2010. "Housing Policy in the Wake of the Crash," Scholarly Articles 10611669, Harvard Kennedy School of Government.
    • Handle: RePEc:hrv:hksfac:10611669
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    File URL: http://dash.harvard.edu/bitstream/handle/1/10611669/Glaeser-HousingPolicy.pdf
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    Cited by:

    1. Figari, Francesco & Paulus, Alari & Sutherland, Holly & Tsakloglou, Panos & Verbist, Gerlinde & Zantomio, Francesca, 2012. "Taxing Home Ownership: Distributional Effects of Including Net Imputed Rent in Taxable Income," IZA Discussion Papers 6493, Institute of Labor Economics (IZA).
    2. Wainer, Allison & Zabel, Jeffrey, 2020. "Homeownership and wealth accumulation for low-income households," Journal of Housing Economics, Elsevier, vol. 47(C).
    3. Ambrose, Brent W. & Diop, Moussa, 2014. "Spillover effects of subprime mortgage originations: The effects of single-family mortgage credit expansion on the multifamily rental market," Journal of Urban Economics, Elsevier, vol. 81(C), pages 114-135.
    4. Olsen, Edgar O. & Zabel, Jeffrey E., 2015. "US Housing Policy," Handbook of Regional and Urban Economics, in: Gilles Duranton & J. V. Henderson & William C. Strange (ed.), Handbook of Regional and Urban Economics, edition 1, volume 5, chapter 0, pages 887-986, Elsevier.

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