Boom-Bust Cycles in Housing : The Changing Role of Financial Structure

The Changing Role of Financial Structure

Boom-Bust Cycles in Housing : The Changing Role of Financial Structure
Why are housing markets so prone to boom-bust cycles? The mortgage market structure prior to the Savings and Loan crisis contributed to the volatility in real housing activity which, in turn, amplified the volatility in housing prices. The subsequent development of a national, market-based system of securitized mortgage finance has damped this... READ MORE...

Publication date: October 2005
ISBN 9781451862195
$15.00

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