Karl E. Case

versus the Housing Market ∗ (2008)

Karl E. Case, John M. Quigley, Robert J. Shiller, Cowles Foundation, Paper No, Robert J. Shiller, ...

Copyright c○2005 by the authors. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic,...

Comparing Wealth Effects: The Stock Market versus the Housing Market (2005)

Case, Karl E., Quigley, John M., Shiller, Robert J.

We examine the link between increases in housing wealth, financial wealth, and consumer spending. We rely upon a panel of 14 countries observed annually for various periods during the past 25 years...

Comparing Wealth Effects: The Stock Market versus the Housing Market (2005)

Case, Karl E., Quigley, John M., Shiller, Robert J.

We examine the link between increases in housing wealth, financial wealth, and consumer spending. We rely upon a panel of 14 countries observed annually for various periods during the past 25 years...

Comparing Wealth Effects: The Stock Market versus the Housing Market (2005)

Case, Karl E., Quigley, John M., Shiller, Robert J.

We examine the link between increases in housing wealth, financial wealth, and consumer spending. We rely upon a panel of 14 countries observed annually for various periods during the past 25 years...

Comparing Wealth Effects: The Stock Market versus the Housing Market (2005)

Case, Karl E., Quigley, John M., Shiller, Robert J.

We examine the link between increases in housing wealth, financial wealth, and consumer spending. We rely upon a panel of 14 countries observed annually for various periods during the past 25 years...

Stock Market Wealth, Housing Market Wealth, Spending and Consumption (2001)

Case, Karl E., Quigley, John M., Shiller, Robert J.

We examine the link between increases in housing wealth, financial wealth, and consumer spending. We rely upon a panel of 14 countries observed annually for various periods during the past 25 years...

Real Estate and the Macroeconomy (2000)

Case, Karl E.

Brookings Papers on Economic Activity - 2000, 2

Fundamentos de economía (1993)

Case, Karl E., Fair, Ray C.

Traducción de: Principles of economics

Prices of Single Family Homes Since 1970: New Indexes for Four Cities

Karl E. Case, Robert J. Shiller

This paper uses data on nearly a million homes sold in four metropolitan areas -- Atlanta, Chicago, Dallas and San Francisco -- to construct quarterly indexes of existing home prices between 1970 and...

The Efficiency of the Market for Single-Family Homes

Karl E. Case, Robert J. Shiller

Tests of weak-form efficiency of the market for single family homes are performed using data on repeat sales prices of 39,210 individual homes, each for two sales dates. Tests were done for Atlanta,...

Real Estate and Macroeconomy

Karl E. Case

real estate, macroeconomy, macroeconomics

Is There a Bubble in the Housing Market?

Karl E. Case, Robert J. Shiller

This paper looks for evidence of a bubble in U.S. housing prices. It analyzes quarterly state-level data over 1985-2002, focusing on the relationship between home prices and selected fundamental...

The Efficiency of the Market for Single-Family Homes.

Case, Karl E, Shiller, Robert J

Tests of the efficiency of single family home prices are performed using repeat sales prices of 39,210 individual homes in Atlanta, Chicago, Dallas, and San Francisco/Oakland for 1970-86. The market...

How the commercial real estate boom undid the banks

Lynn E. Browne, Karl E. Case

Real property ; Construction industry ; Regional economics

Is There a Bubble in the Housing Market?

Karl E. Case, Robert J. Shiller

This paper looks for evidence of a bubble in U.S. housing prices. It analyzes quarterly state-level data over 1985-2002, focusing on the relationship between home prices and selected fundamental...

Is There a Bubble in the Housing Market?

Karl E. Case, Robert J. Shiller

This paper looks for evidence of a bubble in U.S. housing prices. It analyzes quarterly state-level data over 1985-2002, focusing on the relationship between home prices and selected fundamental...

Comparing Wealth Effects: The Stock Market versus the Housing Market

Karl E. Case, John M. Quigley, Robert J. Shiller

We examine the link between increases in housing wealth, financial wealth, and consumer spending. We rely upon a panel of 14 countries observed annually for various periods during the past 25 years...

Real Estate and Macroeconomy

Karl E. Case

real estate, macroeconomy, macroeconomics

Mortgage Default Risk and Real Estate Prices: The Use of Index-Based Futures and Options in Real Estate

Robert J. Shiller, Karl E. Case, Allan N. Weiss

Evidence is shown, using US foreclosure data by state 1975-93, that periods of high default rates on home mortgages strongly tend to follow real estate price declines or interruptions in real estate...

Index-Based Futures and Options Markets in Real Estate

Karl E. Case, Robert J. Shiller, Allan N. Weiss

Most institutional and individual portfolios are very undiversified in real estate: many hold no real estate at all, many have holdings highly concentrated in certain regions or types of real estate....

Prices of Single Family Homes Since 1970: New Indexes for Four Cities

Karl E. Case, Robert J. Shiller

This paper uses data on nearly a million homes sold in four metropolitan areas -- Atlanta, Chicago, Dallas and San Francisco -- to construct quarterly indexes of existing home prices between 1970 and...

The changing housing market: a bang or a whimper?

Karl E. Case

The U.S. housing market has had an extraordinary 15-year run in terms of prices, sales of existing homes, and new construction, especially on the East and West Coasts. Beginning in the spring of...

Home-buyers, Housing and the Macroeconomy

Karl E Case, John M Quigley, Robert J Shiller, Anthony Richards, Tim Robinson

consumption models; house prices; housing; housing surveys; real-estate economics

Home price appreciation in low- and moderate-income markets

Karl E. Case, Maryna Marynchenko

Do homes in low- and moderate- income areas of a city appreciate like homes in high income areas? Do owners of those lower-priced homes accumulate as much equity as owners of higher-priced homes?...

Housing price dynamics within a metropolitan area

Karl E. Case, Christopher J. Mayer

This paper analyzes the pattern of house price appreciation in the Boston area from 1982 to 1994. The empirical results are consistent with the predictions of a standard urban model in which towns...

Prices of single-family homes since 1970: new indexes for four cities

Karl E. Case, Robert J. Shiller

Housing ; Chicago (Ill.) ; Dallas (Tex.) ; San Francisco (Calif.) ; Atlanta (Ga.)

Geographic patterns of mortgage lending in Boston, 1982-1987

Katharine L. Bradbury, Karl E. Case, Constance R. Dunham

Boston (Mass.) ; Mortgages - Boston ; Community Reinvestment Act of 1977

The housing cycle in Eastern Massachusetts: variations among cities and towns

Karl E. Case, Christopher J. Mayer

Numerous studies over the years have attempted to identify the impact of amenities on housing price levels within specific metropolitan areas. It is well know, for example, that local public goods,...

School quality and Massachusetts enrollment shifts in the context of tax limitations

Katharine L. Bradbury, Karl E. Case, Chirstopher J. Mayer

Like most states, Massachusetts underwent a large shift in public school enrollment between the 1980s and 1990s, requiring a number of sizable fiscal and educational adjustments by individual school...

The Behavior of Home Buyers in Boom and Post-Boom Markets

Karl E. Case, Robert J. Shiller

A questionnaire survey looked at home buyers in May 1988 in two "boom" cities currently experiencing rapid price increases (Anaheim and San Francisco), a "post-boom" city whose home prices are stable...

Forecasting Prices and Excess Returns in the Housing Market

Karl E. Case, Robert J. Shiller

The U. S. market for homes appears riot to be efficient. A number of information variables predict housing price changes and excess returns of housing relative to debt over the succeeding year. Price...

Mortgage Default Risk and Real Estate Prices: The Use of Index-Based Futures and Options in Real Estate

Karl E. Case, Robert J. Shiller, Allan N. Weiss

Evidence is shown, using US foreclosure data by state 1975-93, that periods of high default rates on home mortgages strongly tend to follow real estate price declines or interruptions in real estate...

Housing Price Dynamics Within a Metropolitan Area

Karl E. Case, Christopher J. Mayer

This paper analyzes the pattern of cross-sectional house price appreciation in the Boston metropolitan area from 1982 to 1994. The empirical results are consistent with many of the predictions of a...

Comparing Wealth Effects: The Stock Market Versus the Housing Market

Karl E. Case, Robert J. Shiller, John M. Quigley

We examine the link between increases in housing wealth, financial wealth, and consumer spending. We rely upon a panel of 14 countries observed annually for various periods during the past 25 years...

Forecasting Prices and Excess Returns in the Housing Market

Karl E. Case, Robert J. Shiller

The paper uses quarterly indexes of existing single-family home prices estimated with microdata on properties that sold more than once to estimate excess returns to investment in owner-occupied...

Comparing Wealth Effects: The Stock Market versus the Housing Market

Karl E. Case, John M. Quigley, Robert J. Shiller

We examine the link between increases in housing wealth, financial wealth, and consumer spending. We rely upon a panel of 14 countries observed annually for various periods during the past 25 years...