NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Understanding Booms and Busts in Housing Markets

Craig Burnside, Martin Eichenbaum, Sergio Rebelo

NBER Working Paper No. 16734
Issued in January 2011

---- Acknowledgements -----

We thank Eric Aldrich, Fernando Alvarez, Veronica Guerrieri, Lars Hansen, Peter Howitt, John Leahy, Monika Piazzesi, Martin Schneider, Rob Shimer, Susan Woodward and three anonymous referees for their comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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