Anatomy of the Beginning of the Housing Boom: U.S. Neighborhoods and Metropolitan Areas, 1993-2009
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We thank the Research Sponsors Program of the Zell/Lurie Real Estate Center at Wharton for financial support. Anthony DeFusco, Wenjie Ding, Hye Jin Lee, Gordon MacDonald, and Cindy Soo provided outstanding research assistance. We thank Ed Glaeser, Alvin Murphy, and the participants in seminars at the Board of Governors of the Federal Reserve System, the NBER Summer Institute, the University of Chicago, UC-Berkeley, and UCLA for comments on previous versions of the paper. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.