TY - BOOK ID - 137015792 TI - Housing and the financial crisis AU - Glaeser, Edward L AU - Sinai, Todd M PY - 2013 SN - 022603061X 9780226030616 9781299784536 1299784534 9780226030586 022603058X PB - Chicago London University of Chicago Press DB - UniCat KW - Housing KW - Financial crises KW - Global Financial Crisis, 2008-2009 KW - Finance KW - History KW - housing market, financial crisis, boom and bust, economics, investment, debt, economy, net worth, wealth gap, middle class, nonfiction, finance, assets, construction, credit, risk, lending, mortgages, second liens, financing, history, capital flows, international lenders, foreign exchange, government, regulation, intervention, banking, politics, instability. UR - https://www.unicat.be/uniCat?func=search&query=sysid:137015792 AB - Conventional wisdom held that housing prices couldn't fall. But the spectacular boom and bust of the housing market during the first decade of the twenty-first century and millions of foreclosed homeowners have made it clear that housing is no different from any other asset in its ability to climb and crash. Housing and the Financial Crisis looks at what happened to prices and construction both during and after the housing boom in different parts of the American housing market, accounting for why certain areas experienced less volatility than others. It then examines the causes of the boom and bust, including the availability of credit, the perceived risk reduction due to the securitization of mortgages, and the increase in lending from foreign sources. Finally, it examines a range of policies that might address some of the sources of recent instability. ER -