Prices and Trading Volume in the Housing Market: A Model with Down-Payment Effects

The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration

1986 • 9,393 citations

Financial Intermediation and Delegated Monitoring

1984 • 8,226 citations

Noise Trader Risk in Financial Markets

1990 • 6,029 citations

Liquidation Values and Debt Capacity: A Market Equilibrium Approach

1992 • 2,708 citations

Positive Feedback Investment Strategies and Destabilizing Rational Speculation

1990 • 2,212 citations

Aggregate Demand Management in Search Equilibrium

1982 • 1,899 citations

The Efficiency of the Market for Single-Family Homes

1989 • 1,356 citations

Tax Subsidies to Owner-Occupied Housing: An Asset-Market Approach

1984 • 1,245 citations

Forecasting Prices and Excess Returns in the Housing Market

1990 • 576 citations

Housing Investment in the United States

1988 • 511 citations

Bubbles, Rational Expectations and Financial Markets

1982 • 384 citations

The Impacts of Borrowing Constraints on Homeownership

1989 • 364 citations

Recent Developments in Economic Models of Housing Markets

1988 • 331 citations

Volume for Winners and Losers: Taxation and Other Motives for Stock Trading

1986 • 309 citations

House Prices and Regional Real Estate Cycles: Market Adjustments in Houston

1991 • 119 citations

Mobility‐Tenure Decisions and Financial Credit: Do Mortgage Qualification Requirements Constrain Homeownership?

1989 • 109 citations

Current Wealth and Tenure Choice

1989 • 73 citations

Taxes, income distribution, and the real estate cycle: why all houses do not appreciate at the same rate

1993 • 59 citations

Down-Payment Constraints: Tax Policy Effects in a Growing Economy With Rental and Owner-Occupied Housing

1982 • 44 citations

The market for single-family homes in the Boston area

1986 • 42 citations

Agency and ownership of housing

1993 • 28 citations

The High Price of Land and the Low Cost of Capital: Theory and Evidence from Japan

1990 • 11 citations