HKS Affiliated Authors

Excerpt

Housing Policy in the Wake of the Crash. Edward Glaeser, Fall 2010, Paper. "Between 2000 and 2010, the U.S. housing market experineced a convulsion more extreme than in any previous recorded cycle. From May 2001 to May 2006, the Case/Shiller Standard & Poor's twenty-city housing price index, which controls for changes in housing quality by comparing prices from repeat sales of the same homes, rose 54 percent more than consumer prices rose. In the three years that followed, housing prices, measured by the same index and corrected for inflation, fell more than on-third..." Link