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Supply Constraints Are Not Valid Instrumental Variables for Home Prices Because They Are Correlated With Many Demand Factors
10 references·14 citing·51 second hop
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References

  • 2010The Geographic Determinants of Housing Supply *1,971 cited
  • 1978The Experience of Landscape1,065 cited
  • 2012The Collateral Channel: How Real Estate Shocks Affect Corporate Investment975 cited
  • 2008Housing supply and housing bubbles846 cited
  • 1975Zoning and Property Taxation in a System of Local Governments570 cited
  • 2015House prices, collateral, and self-employment482 cited
  • 2008Real Wage Inequality348 cited
  • 1999Real Estate “Cycles”: Some Fundamentals335 cited
  • 2013On the origins of land use regulations: Theory and evidence from US metro areas200 cited
  • 2013Supply constraints and housing market dynamics174 cited

Cited by

  • 2018Housing productivity and the social cost of land-use restrictions106 cited
  • 2018Arrested Development: Theory and Evidence of Supply‐Side Speculation in the Housing Market102 cited
  • 2018The effect of housing supply regulation on housing affordability: A review94 cited
  • 2020The price of residential land for counties, ZIP codes, and census tracts in the United States90 cited
  • 2018Tightening Belts to Buy a Home: Consumption Responses to Rising Housing Prices in Urban China

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81 cited
  • 2017Homeownership, housing capital gains and self-employment75 cited
  • 2022Why do Borrowers Default on Mortgages?74 cited
  • 2021Capital Spillover, House Prices, and Consumer Spending: Quasi-Experimental Evidence from House Purchase Restrictions64 cited
  • 2018Fiscal Stimulus and Consumer Debt63 cited
  • 2017Urban Revival in America, 2000 to 201063 cited
  • 2022Housing supply and affordability: Evidence from rents, housing consumption and household location61 cited
  • 2021Do real estate values boost corporate borrowing? Evidence from contract-level data54 cited
  • 2021Skilled Labor Risk and Corporate Policies36 cited
  • 2023Evidence-lite zone: the weak evidence behind the economic case against planning regulation7 cited