Speculative Fever: Investor Contagion in the Housing Bubble
---- Acknowledgments ----
We thank Jerry Carlino, Chris Cunningham, Kris Gerardi, Steve Ross, Alex Zevelev, and many seminar and conference participants for their useful feedback on earlier versions of this paper. We are grateful for Duke University's financial support. Any errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.