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This Selected Issues paper on the United States examines the effect of the structure of the...

Between 1996 and 2006 the U.S. has experienced an unprecedented boom in house prices. As it has...

Spain's housing boom was supported by rapid economic expansion, strong employment growth, an...

House prices in many advanced economies have risen substantially in recent decades. But...

The sharp and sustained increase in Ireland's housing prices well in excess of income growth,...

Why are housing markets so prone to boom-bust cycles? The mortgage market structure prior to the...